TIL Limited's Rights Issue Committee has approved key terms for its upcoming Rights Issue.

The company plans to issue 1,20,91,760 partly paid-up equity shares, aiming to raise up to ₹199.51 Crore.

Each share will be priced at ₹165, with 75% payable on application.

A record date has been fixed to determine eligible shareholders, who will receive 11 Rights Equity Shares for every 64 shares held.

The company has received in-principle approvals from stock exchanges.

The committee will re-convene to finalize remaining details and the Letter of Offer.