Board approves Rights Issue of up to Rs 15 Crores
Price
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On the reaction day the stock moved 3.8 pts less than Nifty Microcap 250 and 3.2 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Key Corp Limited board approved a Rights Issue of equity shares (face value Rs 10) to eligible shareholders, for a total amount not exceeding Rs 15 Crores. The issue price, entitlement ratio, and record date are yet to be determined and will be notified later. The Board authorized a committee to finalize terms and appoint intermediaries, subject to regulatory approvals under SEBI ICDR Regulations.
Existing shareholders may need to invest more or see dilution. Key terms like price and ratio are pending, so impact is unclear yet.