Ganga Forging announces 3:2 rights issue at ₹1.63/share

Ganga Forging announces 3:2 rights issue at ₹1.63/share. The rights issue will allow existing shareholders to buy 3 new equity shares for every 2 shares held at an issue price of ₹1.63 per share. This move aims to strengthen the company’s capital base and fund future expansion plans. The announcement comes per a recent NSE corporate filing.

📊 STOCKS: GANGACFORGE | 🏢 SECTOR: CapitalMarkets | #MEDIUMIMPACT #RightsIssue