Tuni Textile Mills Ltd has announced a rights issue of up to 48.98 Crore fully paid-up equity shares at ₹1 each, aiming to raise an aggregate amount not exceeding 48.98 Crore.

Eligible shareholders will receive 15 rights equity shares for every 4 existing equity shares held.

The company has also revised the on-market renunciation end period to accommodate trading holidays.

This capital raise impacts existing equity dilution and provides an opportunity for current investors to increase their stake proportionate to their holdings.