Bannari Amman Spinning Mills Limited has informed the Exchange that Board of Directors at its meeting held on April 24, 2025, has decided to issue equity shares on rights basis in the ratio of 10 : 43, i.e 10 Equity Shares for every 43 Equity Shares held. Issue Price is 27 per share.
BASML · price
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On the reaction day the stock moved 0.5 pts less than Nifty Microcap 250 and 0.5 pts less than its Other Textile Products 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 of Directors of Bannari Amman Spinning Mills Limited, at its meeting held on April 24, 2025, approved a rights issue of equity shares to existing shareholders. The company will issue 10 equity shares for every 43 equity shares held by shareholders (ratio of 10:43). The issue price has been fixed at ₹27 per equity share. This is a capital-raising move that allows existing shareholders the opportunity to buy additional shares in proportion to their current holding.
Existing shareholders will get the chance to increase their stake at ₹27 per share, but the rights issue will dilute shareholding for those who do not participate. The stock may see short-term pressure depending on how the issue price compares to the current market price.