Exicom Tele-Systems Limited has informed the Exchange about Copy of Newspaper Publication of Basis of Allotment
EXICOM · price
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Exicom Tele-Systems has completed its rights issue of 1,81,40,840 equity shares at ₹143 per share (face value ₹10, premium ₹133), aggregating to about ₹259.4 crore, in the ratio of 3 rights shares for every 20 held. The issue, which opened on July 15 and closed on July 30, 2025, received 15,768 valid applications for 2,09,82,008 shares, making it 115.66% subscribed. The Rights Issue Committee allotted the full 1,81,40,840 shares on July 31, 2025, with allotment refunds and demat credits expected by August 1. Listing approval has been sought from BSE and NSE, and the rights shares are expected to begin trading on August 4, 2025, under the same ISIN as the existing equity shares.
The rights issue was oversubscribed (115.66%), reflecting healthy investor demand, and existing shareholders will see their shareholdings diluted by the new issuance while bringing in about ₹259 crore of fresh capital. The new rights shares will trade alongside existing shares from August 4, so the stock may see short-term price adjustments as the ex-rights and rights entitlements settle.