Ravindra Energy Limited has informed the Exchange that Record date for the purpose of Rights Issue is 08-Jun-2026.
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Ravindra Energy Limited has announced the record date of June 8, 2026 for its Rights Issue. The company will issue approximately 1.98 crore equity shares at Rs 101 per share (face value Rs 10) to raise up to Rs 2,050 million (Rs 205 crore). The issue opens on June 16, 2026 and closes on June 24, 2026. Existing shareholders will be eligible to participate in the ratio that will be determined based on holdings as of the record date. Post full subscription, total outstanding shares will increase from 17.87 crore to 19.85 crore, representing about 9.9% dilution.
The Rights Issue will dilute existing shareholders by approximately 10% if fully subscribed. The issue price of Rs 101 is at a significant premium to face value, suggesting management confidence in the company's prospects. Shareholders should evaluate their participation options carefully.