Announced Wed, 17 Jun · 18:33 IST
Corrigendum to Rights Issue Letter of Offer - date correction
Corporate Actions View source PDF
SUMEETINDS · price
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Price reaction · full curve 14 horizons · vs prior close
+0.9%1-day move
₹25.74
prior close
₹25.99
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.6+0.5+0.5+0.1+0.9+5.4+6.4+6.3+5.9+10.2+23.3+36.9——
Up moveDown movePending
AI summary
The Board approved a corrigendum to the Letter of Offer for the company's Rights Issue, correcting a typographical error. The last date of Market Renunciation has been revised from July 16, 2026 to July 15, 2026. The Rights Issue comprises up to 16.84 crore equity shares at Rs 11.86 each, in a ratio of 8 shares for every 25 held, aggregating up to about Rs 199.75 crore. Record date is June 12, 2026. No other changes to the offer terms.
Likely market impact
Minor correction with no material change to offer terms. Renunciation deadline moves one day earlier to July 15, 2026.