DRAFT LETTER OF OFFER - RIGHT ISSUE
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Awaiting price reaction for this filing.
Pulsar International Limited has submitted a Draft Letter of Offer for a proposed Rights Issue to BSE. The company plans to issue fully paid-up equity shares of face value Re. 1.00 each, aiming to raise up to Rs. 36.00 crores from existing shareholders. Key details such as the issue price, rights ratio, and record date have not yet been disclosed and are shown as placeholders in the draft document. The promoter is M/s. Bluerock Investment Quotient LLP, and the shares are listed only on BSE. The draft has been uploaded to the company's website for eligible shareholders to review.
Existing shareholders will be offered the chance to buy additional shares in proportion to their current holdings, but final pricing, ratio, and record date are still pending. The stock price may turn volatile once these details are disclosed and as the issue opening date approaches.