Rights Issue18 Sept 2026, 03:15 pm
Salem Erode Investments extends Rights Issue offer period to Oct 1
AI Summary
Salem Erode Investments Ltd has announced an extension of its Rights Issue offer period. The issue, originally scheduled to close on Friday, September 25, 2026, will now remain open until Thursday, October 01, 2026, extending the period by six days. This extension also revises the schedule for related activities, including the last date for on-market renunciation of Rights Entitlements to September 28, 2026, and the finalization of the basis of allotment to October 05, 2026. The company noted that the issue period will not exceed 30 days from the Issue Opening Date.
Key Highlights
- Rights Issue offer period extended by six days.
- New Rights Issue closing date is October 01, 2026.
- Original closing date was September 25, 2026.
- Revised schedule for renunciation, allotment, and listing.
- Issue period will not exceed 30 days from opening.
Price Impact
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