Smallcap stock under Rs 500 defers rights issue to raise fund - Here's why

Fast-moving consumer goods (FMCG) company Krishival Foods has informed exchanges that the board has deferred the decision to raise funds through a rights issue. The firm has cited technical issues as the reason behind this decision. It stressed that the issue is expected to be resolved in a month. “The Board of Directors of the Company (“Board”), have deemed it prudent and in the best interest of the Company to defer the Rights Issue due to certain technical issues, which is expected to be resolved within a month,” the filing reads.

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