Intimation of record date for the purpose of determining eligibility of the shareholders to participate in the ongoing rights issue of the Company
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Ravindra Energy Ltd's Board has approved a rights issue of 1,98,32,834 equity shares at Rs 101 per share (face value Rs 10), raising up to Rs 2,050 million (approx Rs 205 crore). The record date is June 8, 2026, with the issue opening on June 16, 2026 and closing on June 24, 2026. Post-rights outstanding shares will increase from 17.87 crore to 19.85 crore (assuming full subscription). The company received in-principle approval from both BSE and NSE on May 27, 2026.
The rights issue is priced at a significant 10x premium to face value, which may be challenging for retail shareholders to fully participate in. Dilution of approximately 11% on full subscription.