Rights Issue of up to Rs 32 Crore approved by Board

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HILTON · price

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

-3.0%Reaction day

₹42.59

prior close

₹41.25

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.5%-2.4% vs market

On the reaction day the stock moved 2.4 pts less than Nifty Microcap 250, 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

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10m

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

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Next day

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UpDownMarket · Nifty Microcap 250Pending

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AI summary

Hilton Metal Forging's Board has approved a Rights Issue of equity shares worth up to Rs 32 Crore for existing shareholders. The exact issue price, entitlement ratio, and record date will be decided later. Face value is Rs 10 per share. Draft Letter of Offer has been approved, and the issue is subject to regulatory clearances.

Likely market impact

Existing shareholders will get rights entitlement to buy more shares, likely causing dilution. Issue price and ratio are yet to be announced.