Avantel Limited has informed the Exchange that Record date for the purpose of Rights is 07-May-2025.
AVANTEL · price
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Avantel Limited has fixed Wednesday, May 7, 2025 as the record date for its proposed Rights Issue. Shareholders holding equity shares on this date will be eligible to apply for the new shares being offered. The company has made arrangements with NSDL and CDSL to credit the Rights Entitlements directly into the demat accounts of eligible shareholders in electronic form before the issue opens. The ISIN for the rights entitlements will be announced separately. The letter was filed under SEBI Listing Regulations and the ICDR Regulations, and signed by the Company Secretary on May 1, 2025.
Existing shareholders need to hold Avantel shares by May 7, 2025 to be eligible for the Rights Issue and receive their entitlements. Shareholders should watch for the upcoming announcement on issue price, ratio, and timeline to assess whether subscribing is worthwhile.