PNN

Thane (Maharashtra) [India], October 18: The Rs. 24.81 crore Rights Issue of Healthy Life Agritec Limited (BSE: 543546), a fast-growing food and agribusiness enterprise, has opened. The issue is aimed at strengthening the company's balance sheet and supporting its next phase of growth.

The Rights Issue opened on October 7 and closes on October 31. Healthy Life Agritec is offering 2,48,12,000 fully paid-up equity shares at Rs. 10 per share, giving existing shareholders an opportunity to enhance their participation in the company's long-term growth journey. Notably, the shares closed 5% higher at Rs. 17.09 on Friday, significantly higher than the issue price.

The funds raised through the Rights Issue will be utilised for repayment or prepayment of existing borrowings, working capital

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