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PNN Ahmedabad Gujarat [India] May 20 Ajooni Biotech Ltd NSE - AJOONI - leading and a PURE VEG animal health care solutions company is schedule to open its Rs 4381 crore rights issue on May 21 2024 The funds raised through the issue will be utilised to finance expenditure towards acquisition of Land site development and civil work to acquire the plant machinery part finance the working capital requirement and corporate purposes Right issue of the company are offered at a price of Rs 5 per share - over 20 per cent discount to closing share price of Rs 65 per share on 18 May 2024 Rights Issue closes on 31st May 2024 Company promoter group is also participating in the rights issue Highlights The company will issue 876 crore fully-paid equity shares at an issue price of Rs 5 per share Shares in Rights issue priced at Rs 5 per share - over 20 per cent discount to closing share price on 18 May 2024 Rights Issue will close on May 31 2024 Right Issue funds will be utilised to meet the wor

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