New Delhi, Feb. 26 -- Smallcap stock Welspun Specialty Solutions was in focus after the company board approved raising funds up to Rs.350 crore by way of a rights issue.

"This is further to the meeting of the Board of Directors of the Company (the "Board") held on January 27, 2025, approving the issuance of equity shares of the Company (the "Rights Equity Shares") for an amount not exceeding Rs.350 crore, by way of a rights issue," the filing read.

The record date for the rights issue is set as March 1, 2025. The offer will open on Monday, March 10, 2025, and will close on Wednesday, March 19, 2025.

A rights issue is a way for a company to raise capital by offering existing shareholders the right to purchase additional shares at a disc...