Board approves Rights Issue of up to Rs 5,000 Lakhs

Fund Raising View source PDF Explain this filing

Price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+5.1%Reaction day

₹6.70

prior close

₹6.93

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.3%+3.8% vs market

Dairy Products peers, median of 12sector+0.3%+4.8% vs sector

On the reaction day the stock moved 3.8 pts more than Nifty Microcap 250 and 4.8 pts more than its Dairy Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

—

10m

+0.1

15m

+0.9

30m

-1.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+5.1+1.3+3.8+0.3+4.8

Next day

+4.5-0.2+4.7+0.3+4.2

+4.5+0.1+4.4-0.5+5.0

+4.0-1.5+5.5-1.6+5.6

-0.3-0.5+0.2-1.9+1.6

-4.0-0.8-3.3-3.3-0.7

-12.7-2.0-10.6-1.8-10.9

15d

-14.5-3.4-11.1-2.6-11.9

-25.8-9.9-15.9-12.0-13.8

—————

UpDownMarket · Nifty Microcap 250Sector · Dairy Products peers, median of 12Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Board approved raising up to Rs 5,000 Lakhs (Rs 50 crore) through a Rights Issue of partly paid-up equity shares of Rs 10 face value to eligible shareholders. Issue price, entitlement ratio, record date and payment terms will be decided later. A Rights Issue Committee of three directors has been formed. Subject to SEBI and other approvals.

Likely market impact

Eligible shareholders will get rights entitlement to buy additional shares. Terms and pricing yet to be finalised, which will shape dilution and cost impact.