Innovassynth Technologies completes allotment of 1.74 crore equity shares via a rights issue raising ₹69.65 crore.
The rights issue was subscribed 155.29%, receiving applications worth ₹108.16 crore against the issue size.
Post-allotment, the company's paid-up share capital increases from ₹75.45 crore to ₹92.86 crore.
Disclosure is made under SEBI Listing Regulations following approvals from the Board and Rights Issue Committee.