Right Issue30 March 2026 at 07:05 am
Maha Rashtra Apex Corporation Ltd Announces Rights Issue of Equity Shares
AI Summary
Maha Rashtra Apex Corporation Ltd, originally incorporated as Maharashtra Apex Bank Limited in 1943, has announced a rights issue of equity shares. The company will issue up to 1,40,91,896 equity shares of face value ₹ 10 each at a price of ₹ 10 per equity share, aggregating up to ₹ 1,409.19 lakhs. The issue is on a rights basis to the existing equity shareholders of the company in the ratio of 1:1. The record date for the issue is March 20, 2026. The company's registered office is in Bengaluru, Karnataka.
Key Highlights
- Maha Rashtra Apex Corporation Ltd announces a rights issue of equity shares.
- The company will issue up to 1,40,91,896 equity shares at a price of ₹ 10 per share.
- The issue is on a rights basis to the existing equity shareholders in the ratio of 1:1.
- The record date for the issue is March 20, 2026.
- The company was originally incorporated as Maharashtra Apex Bank Limited in 1943.