Announced Tue, 30 Jun · 13:51 IST
Shanti Gold board approves Rights Issue up to Rs 100 crore
Fund Raising View source PDF
SHANTIGOLD · price
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Price reaction · full curve 14 horizons · vs prior close
-0.8%1-day move
₹223.09
prior close
₹225.03
base price
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AI summary
Shanti Gold International's board has approved raising up to Rs 100 crore through a Rights Issue of fully paid-up equity shares of Rs 10 face value. The issue will be offered to eligible existing shareholders on a record date to be notified later. The board will decide issue price, entitlement ratio, and other terms subsequently. The move is subject to regulatory and statutory approvals under SEBI and Companies Act rules.
Likely market impact
Existing shareholders may need to invest additional funds to maintain their stake. Non-participation could lead to dilution of holdings.