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Sumeet Industries to raise Rs 60 crore via rights issue

02 Jan 2018 Evaluate

Sumeet Industries is planning to raise Rs 60 crore through a rights issue. It is planning to offer three new equity shares for every seven held by shareholders of the company as on December 18. The issue, which is priced at Rs 24, closes on January 10. The rights issue opened on December 27. The company intends to use the funds raised for augmenting incremental working capital and general corporate purposes.

The company started as a yarn manufacturing unit and has now grown in a huge conglomerate with various businesses.

Sumeet Inds Share Price

29.96 -0.26 (-0.86%)
30-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Trident 25.98
Filatex India 45.60
Nitin Spinners 461.15
Nahar Spinning Mills 245.30
Sanathan Textiles 449.95
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