Rights Issue12 May 2026, 04:41 pm
Raj Oil Mills: ₹9.2 Cr Preferential Issue Approved
AI Summary
Raj Oil Mills Ltd's board approved a preferential issue to raise up to ₹9.2 crore through the issuance of up to 10,00,000 equity shares and 10,00,000 convertible warrants, each at ₹46, including a premium of ₹36. The issue is subject to shareholder and regulatory approvals. The relevant date for determining the issue price was May 12, 2026. Post allotment, the paid-up equity share capital will increase to ₹16,98,86,840.
Key Highlights
- Raj Oil Mills plans to raise ₹9.2 Cr via preferential issue.
- Issue includes up to 10 Lakh equity shares and 10 Lakh warrants at ₹46 each.
- Warrants are convertible into equity shares within 18 months.
- Issue price includes a premium of ₹36 per share/warrant.
- Post-allotment equity share capital to increase to ₹16.99 Cr.
Price Impact
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