Board approves Rights Issue of up to Rs. 13,930 Lakhs

Board & Shareholder Meetings View source PDF

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Price reaction · full curve 14 horizons · vs prior close

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₹325.85

prior close

₹326.50

base price

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AI summary

Board approved a Rights Issue of equity shares (face value Rs. 5 each) for up to Rs. 13,930 Lakhs (about Rs. 139.3 crore) to eligible shareholders. A Rights Issue Committee was formed to decide the issue price, entitlement ratio, record date and timing. Record date will be notified later.

Likely market impact

Eligible shareholders can subscribe to additional shares pro-rata. Short-term share price pressure possible; non-subscribers face dilution risk.