UpdatesCompany Update
RDB Infrastructure and Power Limited's Monitoring Agency, Acuité Ratings, has issued its report on the utilization of funds from the company's Preferential Issue of Share Warrants.
RDB Infrastructure And Power Ltd533285 · Filed with the exchange
The report confirms zero deviation in how the proceeds have been used compared to the stated objectives of the issue.
From the INR 277.93 Cr issue, INR 145.92 Cr has been deployed, with INR 21.17 Cr currently unutilized.
This positive update provides critical transparency to shareholders regarding the company's fund management and adherence to its stated capital deployment plans.
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