Zodiac Ventures' Board has approved a Rights Issue to raise Rs. 28.42 Cr by issuing 4.51 crore new equity shares.

Existing shareholders can acquire 6 new shares for every 5 shares they currently hold, priced at Rs. 6.30 per share.

This capital raise aims to bolster the company's financial position.

A record date for eligibility has been set, and the issue is scheduled to open later this month, closing in mid-August.

This offers existing investors an opportunity to increase their stake in the company.