Shradha Infraprojects Limited has decided to issue equity shares on rights basis. Further, the detailed terms to the rights issue including but not limited to issue price, rights entitlement ratio, record date, timing and terms of payment will be determined in due course by the Board, in accordance with applicable laws, subject to receipt of necessary approvals, as may be required.
SHRADHA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.0 pts more than Nifty Microcap 250 and 2.2 pts more than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
The Board of Shradha Realty Limited has approved raising funds by issuing equity shares to existing shareholders on a rights basis. This means eligible shareholders will get the opportunity to buy additional shares in proportion to their current holding. However, the important details such as the issue price, entitlement ratio, record date, and payment terms have not been decided yet. These will be finalized by the Board later, subject to required regulatory approvals.
Existing shareholders may need to invest additional capital if they wish to maintain their ownership stake. The dilution impact cannot be assessed yet as the issue price and ratio remain undisclosed. Watch for the next announcement with key terms.