Sprayking Gears Up for Growth—₹500 Million Rights Issue & Share Split Approved!

Sprayking Ltd. has announced two major corporate actions aimed at unlocking shareholder value and fueling expansion. The company’s board has approved a fundraising plan of up to ₹500 million through a rights issue, alongside a share sub-division that will split 1 equity share into 2, enhancing liquidity and accessibility for investors.

 

Key Highlights:

 

* ₹500 Million Rights Issue: The capital raise will be executed via a rights issue, allowing existing shareholders to subscribe to additional shares at a preferential price. The move is expected to strengthen the company’s balance sheet and support growth initiatives.

* Share Split 1:2: The board has also approved a stock split, where each existing equity share will be divided into two shares, making the stock more affordable and increasing retail participation.

* Strategic Intent: These actions reflect Sprayking’s aggressive growth strategy, aimed at expanding operations, improving market visibility, and enhancing shareholder value.

* Regulatory Compliance: The company will seek necessary approvals from regulatory authorities and shareholders in upcoming meetings.

 

With these bold steps, Sprayking Ltd. is positioning itself for greater market traction and investor engagement, signaling confidence in its future roadmap.

 

Sources: Moneycontrol, Sprayking Investor Relations, LiveMint