Rights Issue27 May 2026, 10:22 pm
Ravindra Energy: Rights Issue Details Approved; Record Date June 8
AI Summary
Ravindra Energy Ltd's board approved the terms of its rights issue on May 27, 2026, following in-principle approvals from BSE and NSE. The rights issue involves equity shares with a face value of ₹10 each, priced at ₹101 each, aggregating up to ₹2,050 million. The record date is set for June 8, 2026, issue opens on June 16, 2026 and closes on June 24, 2026. Outstanding equity shares prior to the rights issue are 17,86,94,463 and post rights issue are 19,85,27,297 assuming full subscription.
Key Highlights
- Ravindra Energy board approves rights issue terms on May 27, 2026.
- Rights issue price is ₹101 per share with a face value of ₹10.
- The rights issue aims to raise up to ₹2,050 million.
- Record date for the rights issue is set for June 8, 2026.
- Issue opens on June 16, 2026 and closes on June 24, 2026.