Iris Clothings Limited has announced a rights issue with a ratio of 1:6, allowing shareholders to purchase one equity share for every six held at ₹35 per share, including a premium of ₹33. The issue will raise up to ₹47.58 crore, with the record date set for March 13, 2025. The rights issue opens on March 27 and closes on April 17, aiming to strengthen the company’s capital structure and support future growth initiatives.
Sources: NSE Archives, Economic Times, Moneycontrol