Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 as amended from time to time and pursuant to implementation of ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
RNIT AI Solutions has approved the allotment of 47,33,463 equity shares to strategic investors at INR 44 per share (face value INR 10 plus a premium of INR 34), raising roughly INR 20.83 crore. This is part of a larger planned issuance of up to 1 crore shares to strategic investors under the company's Resolution Plan. The Resolution Plan was approved by the NCLT Jaipur Bench on September 23, 2024 under the Insolvency and Bankruptcy Code, 2016. The allotment is to 14 public-category allottees, including individual investors, family trusts, and one corporate entity (Intelesens Ecom Technologies). The board approved this at its meeting held on November 1, 2025.
The company is implementing its NCLT-approved revival plan by issuing fresh equity to strategic investors, which will dilute existing shareholders but bring in fresh capital to support the business revival. Existing shareholders will see their holdings reduced as new investors come in at INR 44 per share, which is significantly above the face value of INR 10.