Outcome of the Board Meeting and Rights Issue Committee Meeting held on 22nd May 2025.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Markobenz Ventures Limited approved a Rights Issue of 4,80,00,000 (4.8 crore) fully paid-up equity shares at Rs. 10.20 per share, aggregating to Rs. 48.96 crore (assuming full subscription). The entitlement ratio is 5 rights shares for every 2 existing shares held (5:2) by eligible shareholders as on the Record Date of 28th May 2025. The Rights Issue opens on 10th June 2025 and closes on 25th June 2025, with 20th June 2025 as the last date for on-market renunciation. The Board also approved the Letter of Offer, abridged Letter of Offer, Application Form and Rights Entitlement Letter for filing with BSE and SEBI.
Eligible shareholders will get the right to subscribe to 5 new shares for every 2 they currently hold at Rs. 10.20 per share. This is a significant equity dilution (~250% increase in share count at full subscription), and shareholders should evaluate whether to subscribe, renounce, or let the rights lapse based on the issue price versus prevailing market price.