Indrayani Biotech Rights Issue

Issue Details

To part finance working capital requirement of the company; Set off amount from the outstanding loan given by the promoter to the company, at the rights issue price; Set off amount from the outstanding unsecured advance received from Bougainvillea Investments Private Limited (BIPL) by allotting equity shares, at the rights issue price, against rights entitlement and any additional rights entitlement acquired; To meet General corporate purposes