Champagne Indage postpones rights float

The board of directors of Champagne Indage, which met today,  has postponed the proposed rights issue.

According to a release issued by the company to the BSE today, the meeting approved a proposal to issue up to 9,00,000 equity shares of Rs 10/- and 31,25,000 equity share warrants to promoters and specified investors at a price to be determined in accordance with SEBI guidelines for preferential issues.