Gconnect Logitech Approves ₹41 Crore Rights Issue To Eligible Shareholders

Board approved rights issue of equity shares up to Rs 41 Cr to eligible shareholders, subject to approvals, and appointment of Mr. Ketur Shah as independent director for 5 years. Rights issue is material equity fundraise that will dilute non-participating holders; ratio, price and timetable not disclosed. Director is CA, CFA with 15 years IB experience. Execution hinges on regulatory approvals and shareholder nod for director; use of proceeds, record date and issue terms undisclosed; no other material agenda items.