T T Limited announces rights issue to raise INR 400m

T T Limited (BSE: TTL) has announced a rights issue of up to 333,304,444 equity shares, priced at INR 12 per share, to raise up to INR 400 million. The issue is open to existing eligible shareholders as of July 4, 2025, in the ratio of 4 new shares for every 27 held. The funds will be used for capital expenditure (INR 30 million), brand building (INR 40 million), working capital (INR 250 million) and general corporate purposes (INR 45.7 million). The issue opens on July 17, 2025, and closes on July 31, 2025 with a renunciation deadline of July 25, 2025. Existing shares are listed on BSE and NSE, and the rights shares are pending listing approval. Shareholders are advised to consult the Letter of Offer and Abridged Letter of Offer for detailed information.