What is preferential issue and rights issue in stock market? Micro cap IT stock to raise over Rs 100 crore

Leading IT firm Sylph Technologies, a small cap stock, has announced preferential issue not exceeding Rs 0.83 million. According to an exchange filing, it has offered 26 crore equity shares to the investors belonging to non promoters and public categories. The preferential issue is offered at a price of Rs 3.20 apiece.

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