
Rights Issue19 Aug 2026, 10:30 pm
Quint Digital Approves Rights Issue Terms, Sets Record Date
AI Summary
Quint Digital Limited's Rights Issue Committee has approved the Letter of Offer for a proposed Rights Issue. The issue involves up to 82,61,402 Partly Paid-up 10% Non-Cumulative Non-Participating Compulsorily Convertible Preference Shares (CCPS) and an equal number of detachable warrants. The total issue size is up to ₹9,087.55 Lakhs. Each CCPS has a face value and issue price of ₹100, with ₹50 payable on application and ₹50 later. Each warrant is issued at ₹10, with ₹5 on application and ₹5 later. The rights entitlement ratio is 7 CCPS with 7 warrants for every 40 equity shares held. August 25, 2026, has been set as the Record Date.
Key Highlights
- Quint Digital approves terms for a Rights Issue of CCPS and warrants.
- Issue size capped at ₹9,087.55 Lakhs.
- Record date set for August 25, 2026.
- Rights entitlement ratio: 7 CCPS + 7 warrants per 40 shares.
- CCPS to be converted to equity shares after 60 months.
Price Impact
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