SPEL Semiconductor Board Approves ₹500 Crore Rights Issue And QIP Plan

Board approved modernization & expansion of semiconductor manufacturing facilities, applications under India Semiconductor Mission & PLI schemes, and raising up to ₹500 Cr via rights issue/QIP and/or overseas. Authorised capital to increase to ₹150 Cr, borrowing limit to ₹500 Cr. Fund Raising Committee constituted.