Submission of Final letter of offer for right issue
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Shakti Press Ltd has filed the final Letter of Offer for a Rights Issue. The company is issuing up to 2,46,41,400 fully paid-up equity shares with a face value of Rs 10 each at an issue price of Rs 20 per share (including a share premium of Rs 10), raising an aggregate amount of up to Rs 4928.28 Lakhs. Existing shareholders on the record date (April 29, 2026) will receive 7 rights equity shares for every 1 fully paid-up equity share held. The issue opens on May 7, 2026 and closes on May 18, 2026. The rights entitlements will be credited to demat accounts before the issue opening date.
This rights issue will dilute existing shareholders significantly given the 7:1 ratio. The substantial fund raise of nearly Rs 49 crore could impact the company's financials and shareholder value depending on how proceeds are deployed.