Announced Tue, 30 Jun · 19:54 IST
Board approves Rights Issue of up to Rs 1200 lakhs
Corporate Actions View source PDF
SUVIDHAA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.7%1-day move
₹2.70
prior close
₹2.82
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-3.5-2.8——-0.7+0.0-3.0-3.7-6.3-4.8-5.6———
Up moveDown movePending
AI summary
Suvidhaa Infoserve's board approved a Rights Issue to raise up to Rs 1,200 lakhs (about Rs 12 crore) by issuing equity shares to existing eligible shareholders. Issue price, entitlement ratio and record date are yet to be decided. Separately, the board noted an Rs 11,800 fine each from BSE and NSE for delayed intimation of a board meeting under Regulation 29, which the company has paid, calling it inadvertent.
Likely market impact
Potential dilution for shareholders if they skip the issue; terms like price and ratio are awaited and will shape the actual impact.