Avantel Limited has informed the Exchange regarding Update to Outcome of the Board Meeting of Avantel Limited ( Company ) held on May 1, 2025.
AVANTEL · price
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Avantel Limited has issued an update to the outcome of its Board Meeting held on May 1, 2025, specifically revising the schedule for its ongoing Rights Issue. The Rights Issue will open on Thursday, May 15, 2025, and close on Wednesday, May 28, 2025, with the last date for market renunciation set as Friday, May 23, 2025. Shareholders choosing off-market transfer of rights must ensure credits to demat accounts happen on or before May 27, 2025. The company has also shared the Rights Entitlement ISIN (INE005B20019) for eligible shareholders. No application withdrawals will be allowed after the Issue Closing Date, though the Board retains the right to extend the Issue period by up to 30 days from the opening date.
Existing shareholders should note the revised dates if they plan to either subscribe to the Rights Issue or sell (renounce) their rights entitlements in the market. The rights entitlement is now tradable with its own ISIN, making it easier to track and trade separately from the underlying stock.