AVG Logistics Limited has informed the Exchange about General Updates
AVG · price
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AVG Logistics Limited is launching a rights issue of up to 36,50,356 fully paid-up equity shares at ₹145 per share (including ₹135 premium), raising up to ₹5,293.02 Lakhs. The issue ratio is 8 rights shares for every 33 shares held, with record date May 21, 2026. The rights entitlement trading period runs from June 1 to June 4, 2026, with the issue closing on June 9, 2026. The company has received in-principle listing approvals from both BSE and NSE. The Letter of Offer has been filed with SEBI and the stock exchanges. The designated stock exchange is BSE Limited, and the issue is underwritten by Systematix Corporate Services Limited.
Existing shareholders will receive rights entitlements that they can subscribe to, renounce, or trade. The significant dilution (8 new shares for every 33 held) will increase share count substantially. The ₹5,293.02 Lakhs (~₹52.93 Crore) raise will dilute existing shareholders but provide capital for the company's growth plans.