Approval of Letter of Offer of Right Issue
Price
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Awaiting price reaction for this filing.
Yamini Investments Company Ltd has approved the Letter of Offer for a rights issue of up to 39.43 crore equity shares at a price of ₹1.20 per share (face value ₹1, premium of ₹0.20). The total issue size aggregates up to ₹4,731.54 lakhs (₹47.32 crores), assuming full subscription. The issue is being offered in the ratio of 3 rights shares for every 4 equity shares held on the record date of 13th May 2025. The issue opens on 27th May 2025 and closes on 23rd June 2025, with BSE as the designated stock exchange. Promoters Vandana Agarwal and Madhur Buildcon Private Limited are backing the company.
Existing shareholders will get an opportunity to buy additional shares at ₹1.20 each, but their stake could get diluted if they don't participate or if the issue is fully subscribed. The rights price is only slightly above face value, keeping it accessible, and a successful issue will raise fresh capital for the company.