Outcome of Meeting of Rights Issue Committee.
Price
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Trans India House Impex Ltd's Rights Issue Committee has approved the terms of its upcoming rights issue. The company will issue up to 3,55,26,000 fully paid-up equity shares of ₹10 face value each at ₹13.90 per share, which includes a premium of ₹3.90. The total issue size works out to up to ₹49.38 crores. The entitlement ratio is 1:1, meaning shareholders can subscribe to one rights share for every share held on the record date of May 8, 2025. The issue opens on May 27, 2025 and closes on June 17, 2025, with full payment required on application.
Existing shareholders will need to decide whether to subscribe to maintain their stake or let their rights lapse, leading to potential dilution if many choose not to participate. Shareholders should watch for the Letter of Offer to evaluate the issue price relative to the prevailing market price.