Announced Sat, 22 Aug · 14:14 IST
Rights Issue size revised down via corrigendum to Letter of Offer
KSHITIJPOL · price
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Price reaction · full curve 14 horizons · vs prior close
+4.9%1-day move
₹2.83
prior close
₹2.78
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.4+5.8+5.0+1.8+4.9+9.9+6.4+8.5+5.3+6.0+29.0———
Up moveDown movePending
AI summary
Kshitij Polyline issued a corrigendum to its Letter of Offer for the Rights Issue. Total shares offered is reduced from 92,546,925 to 61,697,950 shares, and issue size cut from 2,933.74 Lakhs to 1,955.83 Lakhs. Issue price stays at 3.17 per share. Entitlement ratio remains 2 shares for every 5 held. Last date for credit of rights entitlements moved from August 20 to August 24, 2026. Changes attributed to inadvertent typographical errors in the issue ratio.
Likely market impact
Smaller Rights Issue means lower dilution for shareholders. Eligible shareholders now need to subscribe to fewer shares to maintain their stake.