StockWatch
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Non Banking Financial Company (NBFC)
Rights Issue25 Jun 2026, 05:20 pm

Marg Techno-Projects Announces Rights Issue of ₹639 Cr

AI Summary

Marg Techno-Projects Limited has announced a Rights Issue of up to 6,39,00,000 fully paid-up equity shares of face value ₹10 each, at a price of ₹10 per share, aggregating up to ₹6390.00 lakhs (₹639 crore). The issue is on a rights basis to eligible shareholders in the ratio of 9 rights equity shares for every 2 equity shares held as of the record date, June 20, 2026. The company is submitting the Letter of Offer to SEBI and has made it available on its website. The company is registered as a Non-Systemically Important Non-Deposit taking Non-Banking Finance Company (NSI-ND-NBFC) with the RBI.

Key Highlights

  • Marg Techno-Projects launches a rights issue worth ₹639 crore.
  • Issue ratio is 9 rights shares for every 2 shares held.
  • Record date for the rights issue is June 20, 2026.
  • The issue price is ₹10 per share, equal to face value.
  • Company is an RBI-registered NBFC (ICC).