Allcargo Terminals approves rights issue of up to Rs 80 crore
ATL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.3 pts less than Nifty Microcap 250 and 0.4 pts less than its Port & Port services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The board approved issuing equity shares of Rs 2 each to eligible shareholders on a rights basis, raising up to Rs 80 crore. The issue price, number of shares and ratio will be decided later. The record date will also be notified, and required regulatory approvals are pending.
The issue can raise capital for growth but may dilute shareholders who do not subscribe. The final price, ratio and record date are not yet known.