This is in reference to our earlier outcome dated Monday, 09th June, 2025. We wish to inform you that the Board of Directors of IFL Enterprises Limited, at its meeting held today, i.e., ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
IFL Enterprises' board revised the timeline and size of its upcoming Rights Issue of up to Rs. 50 crore. The issue opening date has been pushed from June 19, 2025 to June 23, 2025, while the last date for renunciation has been extended from June 24 to June 25, 2025. The closing date remains June 30, 2025. The total number of equity shares to be issued has been increased from about 49.15 crore to 49.47 crore shares, raising the issue size from Rs. 49.15 crore to Rs. 49.47 crore. The issue price stays at Rs. 1 per share (face value), with the entitlement ratio unchanged at 60 rights shares for every 91 shares held on the record date of June 13, 2025.
Existing shareholders now have a few extra days to decide on subscribing or renouncing their rights entitlements. The slightly larger issue size means marginally more capital raising than originally planned, though the small change is unlikely to materially affect shareholders.