Ducon Infratechnologies Limited has informed the Exchange regarding 'Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015 - Intimation of In-principle approval for the Rights Issue of the Company'.
DUCON · price
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Ducon Infratechnologies has received in-principle approval from the National Stock Exchange (NSE) for a proposed Rights Issue of up to 49.5 crore equity shares of face value ₹1 each, aggregating up to ₹49.5 Crores. The issue will be offered to existing eligible equity shareholders on a rights basis. The issue price, premium, and entitlement ratio have not yet been disclosed (marked as [●] in the filing). Mark Corporate Advisors is acting as Lead Manager and Bigshare Services as Registrar to the issue. The approval is subject to the company meeting SEBI, RBI, MCA, and exchange compliance requirements before listing.
Shareholders should watch for further disclosures on the issue price, record date, and entitlement ratio, as a Rights Issue will require them to decide whether to subscribe. Depending on the pricing, the issue could lead to equity dilution and short-term pressure on the stock price.