Fund-raise plans of Max Ventures, KDDL eyed

The board of directors of Max Ventures and Industries, which plans to raise ₹450 crore through a rights issue, will approve the issue price, record date and the other terms such as rights entitlement ratio and the total number of shares to be issued. The board of KDDL will meet to consider a proposal of raising funds through preferential issue or qualified institutional placement or a combination of both. Investors of these firms will focus on the outcome of the meetings.