White organics will raise funds via Rights issue

White Organic Agro Limited wil raise funds amounting to Rs. 35,00,00,000/- (Rupees Thirty Five Crore only), through a Rights issue to the eligible equity shareholders of the Company as on Record date (to be notified subsequently), in accordance with applicable laws, including the Securities and Exchange Board of India (Constitution of the Rights issue Committee to proceed with the Rights issue and, inter-alia, decide the other terms and conditions of the Rights Issue, including deciding on the record date, determining the rights issue price, rights entitlement ratio, appointment of intermediaries and other related matters alongwith appointment of Finshore Management Services Limited (“Merchant Banker”) as the Lead Manger to the Rights Issue.