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Gujarat Cotex plans Rs 43 crore rights issue to fuel expansion including a premium hotel
Business
Published on 30 April 2026
Six-for-one offer opens April 10 and funds a hotel
Gujarat Cotex will raise about Rs 43 crore through a rights issue to back expansion plans, including a new premium hotel. The offer is structured as six shares for every one held, opening April 10 and closing May 8. The funding is also expected to strengthen the company as it moves into real estate, hospitality, and agri-commodity trading.
- Gujarat Cotex aims to raise nearly Rs 43 crore via a rights issue
- Offer ratio is six shares for every one held
- Funds will support expansion, including a premium hotel
- Company is also diversifying into real estate and hospitality
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times