Announced Fri, 11 Sept · 13:10 IST
Praxis Home Retail board approves Rs 55 crore rights issue
PRAXIS · price
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Price reaction · full curve 14 horizons · vs prior close
-8.3%1-day move
₹4.68
prior close
₹4.65
base price
In-mkt
timing
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+0.0+0.0+0.0-3.7-8.3-10.3-11.3-12.8-9.8—————
Up moveDown movePending
AI summary
The board of Praxis Home Retail, on September 11, 2026, approved a rights issue of equity shares with face value of Rs 5 each to raise up to Rs 5,500 lakhs (about Rs 55 crore). Existing eligible shareholders as on a record date, to be notified later, will be entitled to subscribe. The issue price, ratio and other terms will be decided later by the Board or a committee. Subject to regulatory approvals under SEBI and Companies Act.
Likely market impact
Eligible shareholders will get a chance to buy more shares; pricing details are pending and will shape how dilutive or attractive the issue turns out to be.