IFL Enterprises to raise nearly Rs 50 cr via rights issue, offer closes on June 30

Agri commodity trader IFL Enterprises announced on Wednesday the launch of a rights issue to raise approximately Rs 50 crore from its existing shareholders.

The rights issue, open for subscription from June 23 to June 30, involves 49,14,76,620 fully paid-up equity shares, totaling Rs 49.15 crore.

The company stated that the proceeds will be used to strengthen its financial position and support general corporate purposes.