Max India Limited has informed the Exchange that Record date for the purpose of Rights is 29-Apr-2025.
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Max India Limited has announced 29-Apr-2025 as the record date for its upcoming Rights Issue. The record date determines which shareholders are eligible to participate in the rights offering. Shareholders holding shares as of this date will receive rights entitlements in proportion to their existing holdings. The terms of the rights issue, including the issue price, ratio, and discount, are not disclosed in this particular filing.
Shareholders must hold shares before the record date to be eligible for the rights entitlement. Existing shareholders may need to invest additional capital to subscribe, while the issuance could lead to share dilution if not fully subscribed.