Announced Wed, 1 Jul · 21:06 IST
Shivam Autotech board approves rights issue up to Rs 1,200 crore
Management Changes View source PDF
SHIVAMAUTO · price
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Price reaction · full curve 14 horizons · vs prior close
+10.0%1-day move
₹16.20
prior close
₹16.51
base price
After-mkt
timing
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+0.1+0.1-0.1-0.1+10.0+15.5+21.2+23.6+21.2+16.4+3.3———
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AI summary
Shivam Autotech board approved a rights issue of equity shares (face value Rs 2) to raise up to Rs 1,200 crore. Issue price, entitlement ratio and record date will be decided later. Board also appointed Ms. Mehvish as Company Secretary and Compliance Officer effective July 1, 2026, and approved the draft letter of offer for exchange approvals.
Likely market impact
Existing shareholders may face equity dilution; terms including price and ratio are yet to be decided by the board.