StockWatch
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Pharmaceuticals
Rights Issue4 Nov 2026, 07:52 pm

Evonile Pharma Sets Nov 11 Record Date for ₹9,000 Cr Rights Issue

AI Summary

Evonile Pharma Ltd has announced November 11, 2026, as the record date for its upcoming Rights Issue of partly paid-up equity shares. The company plans to raise up to ₹9,000 million (₹900 Crore) through this issue. The Rights Issue Committee has approved an issue price of ₹860 per share, with a total of 10,287,832 shares to be issued. The entitlement ratio is 5 Rights Shares for every 12 fully paid-up Equity Shares held. The issue is scheduled to open on November 19, 2026, and close on December 3, 2026. The payment structure involves an upfront payment on application and a final call later.

Key Highlights

  • Record date for Rights Issue set as November 11, 2026.
  • Company aims to raise ₹9,000 million (₹900 Crore).
  • Issue price fixed at ₹860 per partly paid-up share.
  • Entitlement ratio is 5 Rights Shares for every 12 shares held.
  • Rights Issue period: Nov 19, 2026 - Dec 3, 2026.