Rights Issue29 Aug 2026, 07:20 pm
Salem Erode Investments Ltd Approves Rights Issue of ₹229.31 Cr
AI Summary
Salem Erode Investments Ltd announced board approval for a Rights Issue of up to 1,14,65,520 equity shares, aggregating up to ₹2,293.10 Lakhs (₹229.31 Crores). The issue price is fixed at ₹20 per share, with a ratio of 1:1. The record date for eligibility is September 3, 2026. The tentative schedule for the rights issue includes opening on September 15, 2026, and closing on September 25, 2026. Necessary regulatory approvals are pending.
Key Highlights
- Board approves Rights Issue of equity shares worth ₹229.31 Crores.
- Issue price set at ₹20 per share with a 1:1 entitlement ratio.
- Record date for eligibility is September 3, 2026.
- Rights Issue opens September 15 and closes September 25, 2026.
- Subject to receipt of requisite regulatory approvals.
Price Impact
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