Rights Issue26 Aug 2026, 07:10 pm
Ratnaveer Precision Engineering Announces Rights Issue of ₹329.99 Cr
AI Summary
Ratnaveer Precision Engineering Ltd has announced a Rights Issue of 1,24,99,669 fully paid-up Equity Shares at an issue price of ₹264 per share, aggregating to ₹3,29,99,12,616. The issue is offered to eligible equity shareholders in the ratio of 7 Rights Equity Shares for every 40 Equity Shares held on the record date, August 26, 2026. The Letter of Offer has been approved by the Board of Directors and submitted to SEBI, BSE, and NSE. The issue price represents 26.4 times the face value of the equity shares.
Key Highlights
- Rights Issue of ₹329.99 Crores announced.
- Issue price set at ₹264 per equity share.
- Offered in ratio of 7 shares for every 40 held.
- Record date for eligibility is August 26, 2026.
- Letter of Offer submitted to SEBI, BSE, and NSE.
Price Impact
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