StockWatch
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Electronic Media
Rights Issue22 May 2026, 11:01 pm

Quint Digital to Raise ₹91 Cr via Rights Issue

AI Summary

Quint Digital Ltd's board approved a rights issue to raise up to ₹91 crore by issuing partly paid-up Compulsorily Convertible Preference Shares with detachable Warrants to eligible equity shareholders. The decision was made during a board meeting on May 22, 2026, and is subject to necessary approvals. The detailed terms, including issue price, ratio, record date, and payment terms, will be determined later and disclosed to the stock exchanges.

Key Highlights

  • Quint Digital plans to raise up to ₹91 crore through a rights issue.
  • The issue will involve partly paid-up Compulsorily Convertible Preference Shares with detachable Warrants.
  • Board approved the rights issue on May 22, 2026, subject to approvals.
  • Detailed terms of the rights issue will be determined by the Board or a committee.
  • The company will disclose further details to the stock exchanges in due course.