Exicom Tele-Systems Limited has informed the Exchange about copy of newspaper publication regarding Rights Issue of the Company
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Exicom Tele-Systems Limited has filed newspaper advertisements for its proposed Rights Issue, a regulatory compliance step under SEBI ICDR Regulations. The company is offering up to 1,81,40,840 fully paid-up equity shares of Rs. 10 face value at Rs. 143 per share (including Rs. 133 premium), aggregating up to Rs. 259.14 crores. The ratio is 3 Rights Shares for every 20 shares held, with the record date set as July 7, 2025. The Issue opens on July 15, 2025 and closes on July 30, 2025, with rights entitlements already credited to eligible shareholders' demat accounts on July 8, 2025. The Letter of Offer was dispatched on July 9, 2025, and advertisements were published in Business Standard (English and Hindi) and Janpath, Solan (Hindi regional). Promoters are Nextwave Communications Private Limited and Anant Nahata.
For existing shareholders, this is a chance to subscribe to additional shares at Rs. 143 per share in a 3:20 ratio. However, the rights issue will result in dilution of existing shareholding. The stock may see some price adjustment to reflect the theoretical ex-rights price once the issue opens. Shareholders who do not exercise their entitlements by July 30, 2025 will see their rights lapse.