Cabinet allows M/s ITI Limited to bring a Further Public Offer for fresh equity shares to achieve 25% Minimum Public Shareholding requirement of Securities and Exchange Board of India, raise working capital for new projects and to reduce its debt obligations
Offer 18 crore fresh equity shares to General Public through a prospectus based Further Public Offer (FPO) in the domestic market as per SEBI Rules and Regulations to raise working capital for new projects, reduce its debt obligations and to meet SEBI’s requirement of minimum 25 % public shareholding.
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