<p>Mumbai, Agri commodity trader IFL Enterprises on Wednesday said it has launched a rights issue to raise around Rs 50 crore from existing shareholders.</p>.<p>The rights issue is open for subscription from June 23 to June 30.</p>.<p>"Proceeds from the issue will be used to strengthen the company's financial position and support general corporate purposes," the company said, adding that the issue comprises 49,14,76,620 fully paid-up equity shares, aggregating to Rs 49.15 crore.</p>.<p>Shareholders will be eligible to apply for the shares in the ratio of 60 rights equity shares for every 91 fully paid-up equity shares held, IFL said.</p>.<p>Ahmedabad-based IFL Enterprises is engaged in import, export and trading of agri commodities. It reported a multifold rise in revenue to Rs 120 crore in FY 25. </p>
<p>Mumbai, Agri commodity trader IFL Enterprises on Wednesday said it has launched a rights issue to raise around Rs 50 crore from existing shareholders.</p>.<p>The rights issue is open for subscription from June 23 to June 30.</p>.<p>"Proceeds from the issue will be used to strengthen the company's financial position and support general corporate purposes," the company said, adding that the issue comprises 49,14,76,620 fully paid-up equity shares, aggregating to Rs 49.15 crore.</p>.<p>Shareholders will be eligible to apply for the shares in the ratio of 60 rights equity shares for every 91 fully paid-up equity shares held, IFL said.</p>.<p>Ahmedabad-based IFL Enterprises is engaged in import, export and trading of agri commodities. It reported a multifold rise in revenue to Rs 120 crore in FY 25. </p>