Ravindra Energy allots 1.98 cr shares under rights issue at Rs 101
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On the reaction day the stock moved 2.0 pts more than Nifty Microcap 250 and 2.1 pts more than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Ravindra Energy allotted 1,98,54,940 equity shares under its rights issue on June 25, 2026, at Rs 101 per share (face value Rs 10, premium Rs 91). Total issue value is about Rs 200.5 crore. Post-allotment paid-up capital stands at 19,85,49,403 equity shares of Rs 10 each (about Rs 198.5 crore). New shares rank equally with existing shares.
Rights issue allotment is complete. Share base expanded to about 19.85 crore shares, leading to dilution for non-participants.