Ratnaveer Files ₹329.99 Crore Rights Offer Without Promoter Subscription

Ratnaveer filed its Letter of Offer for a ₹329.99 crore rights issue of 1,24,99,669 shares at ₹264 each, in a 7:40 ratio, opening September 2 and closing September 9. Net proceeds will fund ₹255 crore of working capital and ₹72.99 crore for general purposes; promoters will not participate. Context: resolves the key participation uncertainty.