Quint Digital Rights Issue Terms Approved by Committee
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Quint Digital Rights Issue Committee approved terms for a rights issue of up to 82.61 lakh partly paid CCPS at Rs 100 face value each, along with 82.61 lakh detachable warrants at Rs 10 each, totaling up to Rs 90.88 crore. Ratio is 7 CCPS plus 7 warrants for every 40 equity shares held. Application money is Rs 55 per rights security. Record date is August 25, 2026. Issue opens September 2 and closes September 10, 2026. CCPS converts to equity within 60 months and warrants within 18 months.
Eligible shareholders get rights entitlement at Rs 55 per security on application; balance payable later. Potential equity dilution upon conversion.