Newspaper Advertisement of extract of notice of opening of Right Issue
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
7NR Retail Limited has published a newspaper advertisement on June 17, 2025, announcing the opening of its Rights Issue. The company is offering up to 28,06,060 fully paid-up equity shares of face value Rs. 10 each at an issue price of Rs. 10 per share, aggregating up to about Rs. 2.80 crores. The issue opens on June 23, 2025 and closes on July 7, 2025, with the record date set as June 9, 2025. Eligible shareholders will get rights entitlements in the ratio of 1 rights share for every 1 fully paid-up equity share held. ICICI Bank is the banker to the issue, and Cameo Corporate Services Limited is the registrar. Applications must be made through the ASBA process.
Shareholders on the record date (June 9, 2025) can subscribe to additional shares at face value with no premium. Those not wishing to subscribe can renounce their rights on or before July 1, 2025. If fully subscribed, the company's share count would roughly double, which could dilute existing shareholders but also strengthen the capital base.