Board approves Rights Issue

Can Fin Homes Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 24, 2014, have approved raising of funds for an amount upto Rs. 300 Crore, subject to receipt of necessary approvals from statutory, regulatory and other authorities, as applicable by way of issue of equity shares of the Company to its eligible shareholders on a rights basis in accordance with the applicable provisions of Companies Act, 2013, Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 and other applicable laws (the "Rights Issue").

The Board of Directors would decide the terms and conditions of the Rights Issue, rights entitlement ratio, issue price, record date, and timing of the Rights Issue etc., as may be necessary.

Source : BSE - >www.bseindia.com

Published on July 24, 2014
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