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Genesys International Corp announces a rights issue of 2.50 crore shares at Rs.50 each (3:5 ratio), raising Rs.125.4 crore. Funds will support working capital (Rs.88 crore) and adjust Rs.14.9 crore of promoter loans. Promoter to fully subscribe. Deep discount to market price aims to strengthen the balance sheet.
Genesys International Finalises ₹125 Crore Rights Issue At ₹50 Per Share
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Genesys International Board Approves ₹139 Crore Rights Issue for Equity Infusion
Genesys International Promoter Sajid Malik Increases Stake to 10.96% via Transmission