Board approves rights issue of up to 52.23 lakh shares at Rs 191 each
DELPHIFX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.4 pts more than Nifty Microcap 250 and 1.9 pts more than its Other Financial Services 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 approved up to 5,223,295 fully paid shares at Rs 191 each, raising up to Rs 99.76 crore. Eligible shareholders as of October 14 can subscribe for 23 shares for every 49 held. The issue opens October 27 and closes November 7. Full subscription would raise total shares from 11,127,890 to 16,351,185. Holders may apply or renounce their rights; unused rights lapse.
Holders who neither subscribe nor sell their rights could see their ownership percentage diluted by about 32%. Full subscription would add capital to the company.