Tembo Global Industries Limited Rs. 3616.56 Lakhs Rights Issue to open for subscription ...Middle East

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Tembo Global Industries Limited Rs. 3616.56 Lakhs Rights Issue to open for subscription
source : Devdiscourse ( Middle East ) () 30
Tembo Global Industries Limited (''Tembo'' or ''the Company''), manufacturer of Pipe Support System having a global presence, is opening its Rights Issue for subscription of its shareholders. The issue opens on 22nd August, 2022 and closes on 05th September, 2022. The Company is raising INR 3616.56 Lakhs through the Rights Issue to fund its working capital requirements and repayment of its certain outstanding borrowings. Equity Shares under the Rights Issue are offered at a price of INR 100 per Share (including premium of INR 90 per share) i.e. 20% discount to the closing share price of INR 125 per share on 18thAugust, 2022 on NSE. Online Trading of the Rights Entitlements allotted to eligib

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