Announced Wed, 15 Jul · 20:04 IST
BSE grants in-principle approval for Rights Issue
Corporate Actions View source PDF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+6.1%1-day move
₹0.98
prior close
₹1.01
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
—+7.9+7.9+5.9+6.1+7.1+5.1+6.1+5.1+5.1————
Up moveDown movePending
AI summary
BSE has granted in-principle approval for Tuni Textile Mills Ltd's proposed rights issue of fully paid-up equity shares. The approval allows the company to use BSE's name in the Letter of Offer. The company still needs to fix a record date, disclose the rights issue price at least 3 working days before that record date, and complete post-issue and listing formalities. Specifics on issue size, price, and ratio are not disclosed in this filing.
Likely market impact
Signals potential equity dilution for shareholders but indicates progress toward raising capital via a rights issue.