Praxis Home Retail Ltd approved the terms of its rights issue, although particulars such as issue price and ratio remain undisclosed. The company recently had carried out a rights issue in 2023 at ₹10 per share. The final implementation of the new rights issue will be agreed upon by a board meeting held on March 13, 2025. Praxis Home Retail seeks to mobilize up to ₹4.96 crore through this issue, which will be listed on NSE and BSE.
Sources: Business Standard, BSE, Praxis Home Retail