TIL Limited has informed the Exchange regarding a press release dated March 26, 2026, titled "Newspaper Advertisement for Rights Issue".
TIL · price
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TIL Limited has published newspaper advertisements in Financial Express, Jansatta, and Dainik Statesman (Kolkata) regarding its Rights Issue. The company is issuing up to 1,20,91,760 partly paid-up equity shares of face value ₹10 each at a price of ₹165 per share (including a premium of ₹155), aggregating up to ₹19,951.40 lakhs (~₹199.5 crores). The ratio is 11 rights shares for every 64 fully paid-up shares held on the record date of March 23, 2026. The Issue opens on March 30, 2026 and closes on April 8, 2026, with the last date for on-market renunciation being April 1, 2026. The promoter is TIL Global Private Limited, and two Specific Investors (Singularity Equity Fund-I and Singularity Growth Opportunities Fund-II) have been named for the undersubscribed portion. Dispatch of the Letter of Offer and Application Forms was completed on March 24, 2026.
Eligible shareholders of TIL Limited as of the March 23, 2026 record date can subscribe to the rights issue at ₹165 per share by April 8, 2026, or trade/renounce their entitlements on the stock exchange by April 1, 2026. Shareholders should ensure their demat account details are updated to receive entitlements.