Natco Pharma Rights Issue LOF Approved at Rs 750 Per Share
NATCOPHARM · price
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On the reaction day the stock moved 2.4 pts more than Nifty Smallcap 250 and 1.4 pts more than its Pharmaceuticals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Natco Pharma's Fund Raising Committee approved the Letter of Offer for a Rights Issue of up to 1.7 crore equity shares at Rs 750 per share, aggregating up to Rs 1,279.4 crore. Ratio: 2 rights shares for every 21 held. Record date October 1, 2026; issue opens October 12 and closes October 22, 2026. Listing expected by October 27.
Eligible shareholders can subscribe at Rs 750 per share; dilutes equity base by around 9.5 percent. Short-term price pressure possible.