SAR Televenture Ltd Right Issue 2024

SAR Televenture Limited is launching a Rights Issue worth Rs 200 crore, available for subscription from 15 July 2024 to 22 July 2024. Shareholders will be entitled to 1 Rights equity share for every 1 fully paid-up equity share they own as of the record date, 9 July 2024. Each share has a face value of Rs. 2, and the issue price is set at Rs. 200 per share.

Stay tuned with us for comprehensive details on SAR Televenture Limited's 2024 Rights Issue, including the issue size, entitlement, payment terms, and more.

Objectives Of SAR Televenture Ltd Right Issue:

The company intends to allocate the Net Proceeds for the following purposes:

1. Establishing Fiber-to-the-Home (FTTH) network solutions to reach 300,000 homes.
2. Installing an additional 1,000 4G/5G telecom towers.
3. Meeting the company's increasing working capital needs.
4. General corporate purposes.

SAR Televenture Limited Rights Issue Of Shares Detail Overview 2024

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