Iris Clothings Limited has informed the Exchange regarding 'Closure of Issue Period of the Right Issue'.
IRISDOREME · price
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Awaiting price reaction for this filing.
Iris Clothings Limited has informed the exchange that the subscription period for its Rights Issue has closed. A rights issue lets existing shareholders buy additional shares in proportion to their current holdings at a set price. The closure means the window for eligible shareholders to apply has ended. The filing does not share details on how much of the issue was subscribed or any revised terms. The company will now likely move to process allotments and list the newly issued shares.
Eligible shareholders can no longer apply for their rights entitlement. The stock may see short-term movement based on subscription response, oversubscription or undersubscription of the issue, and any dilution impact once new shares are allotted.