Скачать или смотреть Exicom Tele-Systems Latest News: Board Approves ₹260 Crore Rights Issue & Debt-to-Equity Conversion

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💼 Exicom Tele-Systems to Raise ₹260 Cr via Rights Issue & Convert Debt to Equity!

Exicom Tele-Systems Limited has announced key financial moves to strengthen its capital structure and support its global operations. 📊🌍

🔹 Board approves ₹260 Cr rights issue of equity shares
🔹 Also approves conversion of ₹283.20 Cr loan (including interest) into equity for its Netherlands-based subsidiary, Exicom Power Solutions B.V.
🔹 Objective:
 ✔ Improve working capital
 ✔ Reduce interest-related cash outflows
 ✔ Support subsidiary liquidity
🔹 No new cash outflow — just a reclassification from loan to equity
🔹 A Rights Issue Committee has been formed to finalize price, entitlement ratio, and other terms soon

These steps position Exicom for stronger financial flexibility and international growth.

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