QUINT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Quint Digital Limited's Board has approved raising up to Rs. 91 crore through a Rights Issue. The company will issue partly paid-up Compulsorily Convertible Preference Shares (CCPS) along with detachable Warrants to eligible equity shareholders. The exact terms including issue price, rights entitlement ratio, record date, and payment terms will be determined later by the Board or a Rights Issue Committee. The proposal is subject to receipt of requisite regulatory approvals.
This is a dilutive event for existing shareholders who do not participate. The Rs. 91 crore fund raise could strengthen the company's balance sheet and support growth plans, though no specific use of proceeds was disclosed.