Announced Thu, 8 Oct, 2026 · 15:05 IST
Rights Issue of up to Rs 1,200 crores at Rs 12 per share approved
SHIVAMAUTO · price
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Price reaction · full curve 14 horizons · vs prior close
—1-day move
₹16.70
prior close
₹16.75
base price
In-mkt
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AI summary
Board approved a Rights Issue of up to 10 crore fully paid-up equity shares at Rs 12 each (face value Rs 2), raising up to Rs 1,200 crores. Entitlement ratio is 19 new shares for every 25 held. Record date is October 15, 2026; issue opens October 22 and closes November 19, 2026. Post-issue share count would rise from 13.15 crore to 23.15 crore, a potential dilution of about 76 percent on full subscription.
Likely market impact
Shareholders on record date October 15 eligible to subscribe at Rs 12; potential dilution of around 76 percent if fully taken up; stock may react to issue size.