Rights Issue25 May 2026, 05:51 pm
Gravity India Rights Issue Fails Minimum Subscription
AI Summary
Gravity India Ltd's rights issue, which offered 6,90,14,950 equity shares at ₹10 each, aggregating up to ₹69,01,49,500, has failed to achieve the minimum 90% subscription required under SEBI ICDR Regulations. Consequently, the company will not proceed with the allotment of equity shares and will initiate the refund/unblocking of amounts to applicants through MUFG Intime India Private Limited.
Key Highlights
- Gravity India's rights issue did not meet the minimum 90% subscription requirement.
- The company will refund/unblock application amounts via RTA, MUFG Intime India Private Limited.
- The rights issue offered 6,90,14,950 shares at ₹10 each, totaling ₹69,01,49,500.
- The issue opened on April 27, 2026, and closed on May 25, 2026.
Price Impact
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