Announced Fri, 3 Jul · 16:51 IST
Board approves Rights Issue to raise up to Rs 69 crores
Fund Raising View source PDF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-9.7%1-day move
₹22.99
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-9.7-14.2-11.3-21.7-21.7-21.1-27.8———
Up moveDown movePending
AI summary
Lexoraa Industries board approved a Rights Issue of fully paid equity shares at face value Rs 10 with Rs 5 premium per share (total Rs 15 each) to raise up to Rs 69 crores from existing eligible shareholders. Record date will be notified later. Issue is subject to SEBI ICDR Regulations and other statutory approvals.
Likely market impact
Existing shareholders get rights to subscribe proportionally. Potential dilution ahead; pricing near face value suggests capital strengthening rather than aggressive fundraise.