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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Tirupati Tyres Limited has published a 'Notice to the Reader – Addendum to Letter of Offer' on May 3, 2025 in three newspapers: Financial Express (English, all editions), Jansatta (Hindi, all editions), and Pratahkal (Marathi, Mumbai edition), as required under SEBI ICDR Regulation 84(1). The company is raising funds through a Rights Issue of up to 40 lakh fully paid-up equity shares of face value Rs. 10 each, priced at Rs. 16 per share (including a Rs. 6 premium), aggregating up to Rs. 6.40 crore. The rights entitlement ratio is 4 rights shares for every 1 equity share held, with the record date set as April 17, 2025. The revised issue schedule shows the rights issue opened on April 25, 2025 and will close on May 23, 2025.
Existing shareholders as on the record date (April 17, 2025) are eligible to subscribe to the rights issue and can grow their stake at a discounted price. If not subscribed, holdings will be diluted, and the Rs. 6.4 crore fundraising may marginally impact share price in the short term.