Announced Sat, 27 Jun · 22:29 IST
Rights Issue of up to 20.22 crore shares at Rs. 1.63 each, ratio 3:2
Corporate Actions View source PDF
GANGAFORGE · price
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Price reaction · full curve 14 horizons · vs prior close
+2.9%1-day move
₹2.39
prior close
₹2.36
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0———+2.9+4.2-1.3+4.2+6.7-10.9-19.7———
Up moveDown movePending
AI summary
Ganga Forging Limited is launching a Rights Issue of up to 20,22,03,345 fully paid-up equity shares at Rs. 1.63 per share (face value Re. 1, premium Rs. 0.63), raising up to about Rs. 32.96 crore. Ratio is 3 Rights Shares for every 2 shares held. Record date is July 2, 2026. Issue opens July 10 and closes July 20, 2026, with listing expected around July 22, 2026.
Likely market impact
Eligible shareholders can subscribe in 3:2 ratio at Rs. 1.63 per share; non-participation may lead to equity dilution.