StockWatch
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Logistics Solution Provider
Rights Issue10 Jun 2026, 08:31 pm

AVG Logistics Allots 36.5 Lakh Shares via Rights Issue

AI Summary

AVG Logistics Ltd announced the outcome of its Rights Issue Committee Meeting held on June 10, 2026. The committee approved the allotment of 36,50,356 equity shares at ₹145 per share, on a rights basis, in a ratio of 8:33. This allotment, based on a record date of May 21, 2026, increases the company's paid-up equity share capital from ₹15,05,77,200 to ₹18,70,80,760. The rights issue was managed in consultation with MUFG Intime India Private Limited and approved by BSE Limited.

Key Highlights

  • Allotment of 36,50,356 equity shares via rights issue completed.
  • Issue price fixed at ₹145 per share, including a ₹135 premium.
  • Rights ratio set at 8 equity shares for every 33 held.
  • Paid-up share capital increased post-allotment.
  • Record date for the rights issue was May 21, 2026.