Waves Home Appliances' rights issue to fund AC expansion, cut debt
Waves Home Appliances Limited will raise Rs1.5bn through a Right Issue of 150,015,772 ordinary shares, representing 56% of its existing paid-up capital, at par value of Rs10 per share, with Book Closure scheduled for August 27, 2026.
August 19, 2026 (MLN): Waves Home Appliances Limited will raise Rs1.5bn through a Right Issue of 150,015,772 ordinary shares, representing 56% of its existing paid-up capital, at par value of Rs10 per share, with Book Closure scheduled for August 27, 2026. According to the Company's Offer Document, the Right Issue was approved by the Board of Directors in a meeting held on July 23, 2026, with proceeds to be utilized...