The Board of Directors ('Board') of the Company, approving the offer and issue of partly paid up equity shares ('Rights Equity Shares') of the Company by way of a rights issue, for an aggregate amount of up to Rs. 400 crores in accordance with the provisions of the Companies Act, 2013, rules made thereunder, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended and other applicable law(s), (the "Issue").
The Board approved the following terms of the Issue:
Number of Rights Equity Shares to be issued: Up to 7,99,99,665 Rights Equity Shares, for an amount aggregating up to Rs.3,99,99, 83,250 (assuming full subscription and payment of call monies).
Rights entitlement ratio: 133 equity shares for every 274 equity shares held by eligible equity shareholders of the Company as on the record date.
Record date: The record date for the purpose of determining the shareholders who will be eligible to apply in the aforesaid Issue is Friday, September 17, 2021.
Right Price: Rs. 50/- per fully paid-up equity share
Issue period
1. Issue Opening Date: Monday, September 27, 2021; and
2. Issue Closing Date: Monday, October 11, 2021
Further, the ISIN allotted for the rights entitlements to be credited to the demat accounts of eligible equity shareholders of the Company is INEO87A20019 and the ISIN allotted for the Rights Equity Shares, at the time of application, is IN9087A01017.
Issue Size = Rs.400 crore
CMP = Rs.86
Right Issue Price = Rs.50/-
Record date = Friday, September 17, 2021
MCAP= Rs. 1420.67crores
Rights Entitlement Ratio: 133 equity share for every 274 equity shares
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