As detailed in the attached document
AVANTEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Avantel Limited has filed the Letter of Offer with BSE and NSE for its proposed Rights Issue. The company plans to issue up to 2,02,26,100 fully paid-up equity shares of face value Rs. 2 each at an issue price of Rs. 40 per share (including a premium of Rs. 38), aggregating up to Rs. 8,090.44 lakhs assuming full subscription. Eligible shareholders will get 10 Rights Equity Shares for every 121 shares held as on the record date of May 7, 2025. The issue opens on May 15, 2025 and closes on May 28, 2025, with allotment expected on or about May 29, 2025. The Letter of Offer has been filed under SEBI ICDR Regulations, and the company has received in-principle listing approvals from both BSE and NSE.
Shareholders on record as of May 7, 2025 are eligible to subscribe at Rs. 40 per share; the 10:121 ratio implies a modest ~8.3% potential dilution. Existing investors who do not subscribe or renounce their rights entitlements will see their proportionate ownership reduce after the issue.