Eterna Plc, a Nigerian integrated energy company, is set to raise N21.52 billion through a rights issue, aiming to strengthen its balance sheet and drive strategic expansion.
The company will issue 978,108,485 ordinary shares at N22.00 per share, the company disclosed at the official signing ceremony for the rights issue held on Tuesday.
A rights issue involves a company offering existing shareholders the right to buy additional shares at a discounted price, usually…
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