Capital Alliance to raise Rs. 73 m via Rights

Thursday, 27 September 2012 04:29 -     - {{hitsCtrl.values.hits}}

Capital Alliance Finance (CALF) yesterday announced plans to raise Rs. 73 million via a one for seven Rights Issue at Rs. 15.00 per share to issue 4.8 million shares.

Funds raised via the move, which is subject to shareholder approval, will be utilised to abide by the Central Bank Minimum Core Capital requirement.