Praxis Home Retail Approves Rights Issue Terms, Sets Record Date

Praxis Home Retail Ltd's Committee of Directors has approved the terms of its Rights Issue. The company will issue 10,32,29,005 equity shares at ₹5 each, aiming to raise ₹51,61,45,025 (₹51.61 Crore). The Record Date for the issue is November 18, 2026. Eligible shareholders will receive 5 Rights Equity Shares for every 9 shares held. The issue opens on November 27, 2026, and closes on December 04, 2026. Post-rights issue, the total equity shares will increase to 28,90,41,215, assuming full subscription.