Arunis Abode Limited's board has approved a Rights Issue, a capital raising move to offer fully paid-up Equity Shares to eligible shareholders.

The company aims to raise up to Rs. 604.8 Cr through this issuance.

A dedicated Rights Issue Committee has been established to finalize the specific terms, including the share price, entitlement ratio, and record date.

This strategic decision enables the company to secure funds for its business operations and future growth initiatives, directly impacting shareholders by providing an opportunity to increase their stake.