Announced Thu, 25 Jun · 14:30 IST
Rights issue of equity shares at Rs 1.63 per share in 3:2 ratio
Corporate Actions View source PDF
GANGAFORGE · price
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Price reaction · full curve 14 horizons · vs prior close
+0.4%1-day move
₹2.48
prior close
₹2.44
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.4+1.2+1.2+1.2+0.4-0.8+0.4-4.8+0.4-5.2-17.7-31.0——
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AI summary
Ganga Forging board approved a rights issue of 20.22 crore equity shares at Rs 1.63 per share in a 3:2 ratio (3 shares for every 2 held). Total issue size about Rs 33 crore. Record date is July 2, 2026. Issue opens July 10 and closes July 20, 2026. Face value Re 1 with premium of Rs 0.63 per share.
Likely market impact
Shareholders can buy new shares at Rs 1.63 in 3:2 ratio. Existing holders must invest more to keep their stake. Dilution risk if not fully subscribed.