Announced Fri, 17 Jul · 10:28 IST
In-principle approval received for Rs 330 Cr rights issue
Capital Market Events View source PDF
RATNAVEER · price
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Price reaction · full curve 14 horizons · vs prior close
+1.9%1-day move
₹175.60
prior close
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base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+1.9+0.6-0.3+0.2+1.7+5.3————
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AI summary
Ratnaveer Precision Engineering has received in-principle approval from both NSE and BSE for a proposed rights issue of up to Rs 330 Crores. Equity shares of Rs 10 face value will be offered to existing eligible shareholders on a rights basis. The issue price, premium per share and entitlement ratio are yet to be finalised. A record date and detailed offer document will follow later.
Likely market impact
Existing shareholders may get a chance to buy more shares; non-participation could dilute their holding. Final pricing and record date are still awaited.