20
May
Asian Granito India Limited announced its Rights Issue of Rs. 441 crores achieved successful closure. The public portion of the Rights Issue was subscribed more than 1.38 times receiving bids for 6.87 crore shares or Rs. 432 crores of bids received. The Company received bids for over 8.89 crore shares or Rs. 561 crores of bids in the Rights Issue on the closing date against 6.99 crore shares or Rs. 441 crores offered, representing more than 127% subscription. The allotment of equity shares will take place on or about 19th May, 2022. The Rights shares are expected to be listed…