Ethos Limited has informed the Exchange about Copy of Newspaper Publication regarding proposed Rights Issue of the Fully Paid-up Equity Shares of Ethos Limited.
ETHOSLTD · price
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Ethos Limited has published newspaper advertisements for its proposed Rights Issue of fully paid-up equity shares, as required under SEBI ICDR Regulations. The issue size aggregates up to Rs. 40,990.50 Lakhs (approximately Rs. 410 crore), offered in the ratio of 4 Rights Equity Shares for every 43 fully paid-up shares held by eligible shareholders. The record date was June 13, 2025. The issue opens on June 20, 2025, with the last date for on-market renunciation on June 30, 2025, and the issue closes on July 3, 2025. The ads were published on June 17, 2025, in Financial Express (English), Jansatta (Hindi), and Himachal Times (Hindi). KFin Technologies is the registrar to the issue.
Eligible shareholders must decide whether to subscribe, renounce, or let their rights entitlements lapse by July 3, 2025. The rights issue could lead to share dilution for existing holders who choose not to participate. The stock may see some short-term price pressure as the ex-rights date approaches.