Why DMRC’s Yellow Line Delayed In Services? What Is Metro’s Fund Rights?
Thousands of commuters who use the Delhi metro’s yellow line struggled to reach their offices on time after services of certain lines started taking a minimum of 10 minutes at every station. The yellow line of the Delhi metro which starts from Samaypur Badli to Huda City Center started facing some technical issues, therefore, officials made an announcement saying service of the yellow line is taking more time due to some issues ahead. While trains to Huda city center were taking more time than usual, another route of the same line that returns to Samaypur Badli was not taking much time as usual.
Delhi Metro Yellow Line Technical Issues
A massive crowd was seen at the stations while Kashmere gate was crowded at its peak. As hundreds of people were trying to reach their offices and institutes. However, it is not something that should create a buzz but Delhi metro should have taken initiatives for the inconvenience after all the yellow line is among the busiest lines of the metro corporation. As you all know due to debt Delhi metro is facing many difficulties already and amid this situation, the delay in trains can cause more loss to its daily earnings. However, Metro is planning to make the journey more comfortable, and also some new lines are likely to launch soon.
What Is the DMRC Rights Issue?
The Delhi Metro Rail Corporation (DMRC) recently launched a rights issue of Rs 7131.28 crore for two of its value partners – the public authority of India (GOI) and the Delhi government. The assets brought will be used up in fulfilling the arbitral honor for Delhi Air terminal Metro Express Pvt. Ltd. (DAMEPL). The DMRC is a 50:50 joint endeavor between the GOI and the Delhi Government. Through the issue of freedom, DMRC anticipates that the two partners should mix Rs. 3565.64 crores each through their value commitment. The privileges issue, which opened today 15 December, will finish on 11 January 2023.
However, the word is quite new for the people, as they are searching for what does it means and what happens under this new rights issue. So, a rights issue stands for terms under which a company can raise funds from its existing shareholders by selling them as additional shares. And now that the DMRC has launched this thing so under this situation, the Delhi Metro Rail Corporation is offering a total of 7.13 crore new shares, which has a current face value of Rs 1000 each, to GOI and the Delhi government. Stay tuned with us to get more updates on trending local news.