the Company has fixed Friday 09thMay, 2025 as the Record date for issuance of 5 equity shares for every 2 fully paid up equity shares held bt existing shareholder.
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Awaiting price reaction for this filing.
Sattva Sukun Lifecare Ltd has fixed Friday, 09th May, 2025 as the record date for a Rights Issue. Under the issue, eligible shareholders will be offered 5 new equity shares for every 2 fully paid-up shares they currently hold — effectively a 2.5:1 ratio. Shareholders whose names appear in the company's records on the record date will be entitled to subscribe to the rights entitlement. No issue price or discount details were disclosed in this filing.
This is a fund-raising move, not a free bonus — shareholders will need to invest additional money to subscribe to their entitlement, or let the rights lapse. It will dilute existing shareholdings if fully subscribed, and the stock price typically adjusts downward by the theoretical ex-rights price on the record date.