Igc Industries Rights Issue Details 2024

The Objects of the Issue are: -

1. Working Capital requirements;
2. General Corporate Purposes and
3. To purchase and acquire the equity shares or other securities of other companies for the purpose as follows:

• Establishing new Business through: creating subsidiaries or wholly owned subsidiaries, forming associate companies, and entering into joint ventures.
• Exploring Business Opportunities: Expanding the business by acquiring other companies through the purchase of equity shares from existing shareholders or through other means.
• Investing in Financial Instruments: Dealing in and investing in shares, debentures, and other securities as part of the strategic business expansion. This Object of fund raising is to explore and expand business opportunities through strategic acquisitions and investments.