Announced Tue, 16 Jun · 18:02 IST
Board approves Rs 63.9 crore Rights Issue at Rs 10 per share
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
-4.3%1-day move
₹35.13
prior close
₹33.67
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.0+0.0-4.3-57.3-55.3-55.7-55.9-57.0-60.7-50.5——
Up moveDown movePending
AI summary
Board approved a rights issue of 6.39 crore equity shares at Rs. 10 per share (face value), totaling Rs. 63.9 crore. Entitlement ratio is 9 shares for every 2 held. Record date is June 20, 2026; issue opens June 29 and closes July 6, 2026. Share count will expand from 1.42 crore to 7.81 crore shares on full subscription, a ~5.5x increase.
Likely market impact
Massive dilution. Shareholders must invest ~4.5x their holding's value to maintain stake. Issue at face value likely implies steep discount to market price.