Board approves Rights Issue of 40 crore shares at ratio 4 to 1

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Minolta Finance board approved a Rights Issue of 40 crore equity shares at Rs 1.20 each, aggregating up to Rs 48 crore. The entitlement ratio is 4 rights shares for every 1 share held. Record date is July 17, 2026. Issue opens August 1 and closes August 10, 2026. Issue price equals face value, so no premium is being charged.

Likely market impact

Heavy dilution expected. Shareholders must invest around four times their holding or face an 80 percent cut in stake. No premium means no immediate pricing benefit.