Announced Wed, 15 Jul · 14:58 IST
Board approves Rights Issue to raise up to Rs. 40 Crores
Fund Raising View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
-0.3%1-day move
₹60.99
prior close
₹64.03
base price
In-mkt
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AI summary
Magnus Steel and Infra's board approved a Rights Issue to raise up to Rs. 40 Crores by issuing equity shares of face value Rs. 10 each to existing eligible shareholders. The issue price and entitlement ratio will be decided later by the Board or a Rights Issue Committee. The record date will be notified separately. A Rights Issue Committee has been formed to oversee the process and appoint intermediaries.
Likely market impact
Existing shareholders will get rights to buy additional shares pro-rata to their holdings; non-participating investors may see their stake diluted.