TIL Limited has informed the Exchange about Copy of Newspaper Publication for Basis of Allotment of Rights Issue
TIL · price
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TIL Limited has published the Basis of Allotment for its Rights Issue which opened on March 30, 2026 and closed on April 8, 2026. The company issued up to 1,20,91,760 partly paid-up equity shares at ₹165 per share (including ₹155 premium), aggregating ₹19,951.40 lakhs. The issue was offered in the ratio of 11 rights shares for every 64 shares held, with a record date of March 23, 2026. The issue received 1,943 valid applications for 1,69,99,394 shares, representing 140.59% subscription (oversubscribed). Allotment was finalized on April 9, 2026, and the rights equity shares were credited to demat accounts on April 13, 2026, with trading commencing the same day on BSE and NSE.
The rights issue was successfully completed with significant oversubscription, indicating strong investor confidence. Existing shareholders who participated received additional shares, though their ownership stake will be diluted by the new share issuance.