Outcome of Rights issue Committee Meeting in connection with the extension of closing date of Rights issue.
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Onesource Industries and Ventures Ltd has extended the closing date of its ongoing Rights Issue by about a week. The issue, which opened on April 30, 2025, was originally scheduled to close on May 21, 2025, but will now close on May 29, 2025. The last date for on-market renunciation of rights entitlements has been moved to May 26, 2025. All other terms of the Letter of Offer remain unchanged. Post-issue activities such as allotment, credit, and listing have been pushed back accordingly, with listing now expected around June 16, 2025.
Eligible shareholders get extra time to apply for their rights entitlement, but no new material change in the offer terms. The extension itself may signal slower-than-expected subscription and could be mildly negative for sentiment, though it gives existing shareholders more flexibility.