Ratnaveer Precision to raise about Rs 330 crore via rights issue
RATNAVEER · price
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Ratnaveer Precision Engineering board approved a rights issue of 1,24,99,669 equity shares at Rs 264 per share, aggregating about Rs 330 crore. Issue price includes a premium of Rs 254 over face value of Rs 10. Ratio is 7 rights shares for every 40 existing shares held. Record date is August 26, 2026. Post-issue share count would rise to about 8.39 crore from 7.14 crore, assuming full subscription.
Existing shareholders may see short-term dilution; eligible investors must decide whether to subscribe before the record date.