Announced Fri, 17 Jul · 18:22 IST
Board approves Rights Issue to raise up to Rs 15 crores
Corporate Actions View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
-2.7%1-day move
₹88.80
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-2.7-6.0-10.7-15.1-19.4—————
Up moveDown movePending
AI summary
Board of Directors approved raising funds up to Rs. 15 crores through a Rights Issue of equity shares offered to existing members. The exact price per share and the entitlement ratio are yet to be decided by the Board. The move is subject to SEBI and other necessary regulatory approvals.
Likely market impact
May lead to share dilution. Existing shareholders can subscribe proportionally or let entitlements lapse.