TIL Ltd's Rights Issue Committee Approves Allotment of 1,20,91,760 Partly Paid-up Equity Shares

TIL Ltd's Rights Issue Committee has approved the allotment of 1,20,91,760 partly paid-up Equity Shares on Rights Basis to the eligible shareholders and/or renouncee(s) at ₹ 123.75 per Rights Equity Share, including a premium of ₹ 116.25 per Rights Equity Share. The balance amount is payable on Calls as defined in the Letter of Offer. This decision was made in consultation with the designated stock exchange, National Stock Exchange of India Limited, and pursuant to the finalization of the basis of allotment of the Issue. The Rights Issue is a furtherance of the Board of Directors' approval and the earlier meeting of the Rights Issue Committee approving the detailed terms of the Rights Issue and the Letter of Offer.