Suncity Synthetics Ltd has decided to withdraw its proposed preferential issue of 30,00,000 equity shares. The company cited delays in approvals and withdrawal of investor interest as reasons for the cancellation.
Suncity Synthetics Withdraws Preferential Share Issue
Suncity Synthetics Ltd has decided to cancel its proposed preferential issue of 30,00,000 equity shares.
30,00,000 equity shares to be withdrawn from preferential issue.
Reader Takeaway: Capital infusion halted; no immediate equity dilution for shareholders.