QUINT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Quint Digital Ltd's Board has approved a Rights Issue to raise up to Rs. 91 crore by offering partly paid-up Compulsorily Convertible Preference Shares (CCPS) along with detachable Warrants to eligible equity shareholders. The issue size aggregates up to Rs. 91 crore and is subject to regulatory approvals. The detailed terms including issue price, rights entitlement ratio, record date, and timelines will be determined by the Board or a Rights Issue Committee and intimated separately. This is a standard equity capital raising exercise through the rights route, allowing existing shareholders to participate.
The Rights Issue will allow existing shareholders to maintain their proportional ownership by subscribing to new securities. The inclusion of convertible preference shares and detachable warrants provides flexibility but also carries potential dilution impact depending on conversion terms and warrant exercise prices. The specific use of proceeds has not been disclosed.