Announced Thu, 20 Aug · 23:13 IST
Rights Issue size reduced from about Rs 2,933.74 Lakhs to Rs 1,955.83 Lakhs
KSHITIJPOL · price
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Price reaction · full curve 14 horizons · vs prior close
+0.0%1-day move
₹2.88
prior close
₹2.85
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.4+0.0-1.1+0.7+0.0+3.1+8.0+4.5+6.6+0.0+20.8+53.1——
Up moveDown movePending
AI summary
Kshitij Polyline board revised its Rights Issue downward on Aug 20, 2026. Size cut from 92,546,925 shares (about Rs 2,933.74 Lakhs) to 61,697,950 shares (about Rs 1,955.83 Lakhs) at Rs 3.17 per share. Entitlement stays at 2 shares for every 5 held. Revised proceeds use: Rs 1,505.83 Lakhs for loan repayment, Rs 400 Lakhs general purposes, Rs 50 Lakhs issue expenses.
Likely market impact
Smaller fundraising may signal lower capital needs or softer investor demand. Shareholders face less dilution but reduced growth capital.