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Kesoram Industries Ltd on Wednesday said it would soon file the draft red herring prospectus for its proposed rights issue. A top company official told Business Line that the draft was in final stage. “It may be filed this month”, said sources.
Kesoram Industries board at its meeting on August 22, had approved a proposal for the issue of equity shares on 'rights basis for an amount not exceeding Rs 500 crore. SBI Capital Markets Ltd and Religare Capital Markets Ltd have been appointed as the lead managers.
The company reported a net loss of Rs 54.03 crore in the second quarter against a net loss of Rs 95.96 crore.
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