TIL Limited has informed the Exchange about Filing of Letter of Offer for Right Issue
TIL · price
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TIL Limited has filed the final Letter of Offer dated March 20, 2026 for a Rights Issue of up to 1,20,91,760 partly paid-up equity shares of face value ₹10 each. The issue price is ₹165 per share (including a premium of ₹155), aggregating up to ₹19,951.40 lakhs. Eligible shareholders can subscribe in the ratio of 11 Rights Equity Shares for every 64 fully paid-up shares held as on the record date of March 23, 2026. Investors need to pay ₹123.75 (75% of issue price) on application, with the remaining ₹41.25 (25%) payable in one or more subsequent calls. The issue opens on March 30, 2026 and closes on April 8, 2026, with listing expected on or about April 13, 2026.
Eligible shareholders as on the record date (March 23, 2026) can participate in the rights issue to maintain or increase their stake in the company. The stock may see dilution and short-term price adjustment around the ex-rights and record date. Renunciation is possible for those who do not wish to subscribe, with on-market renunciation closing on April 1, 2026.