Rights Issue21 Oct 2026, 05:50 pm
Magnus Steel Approves Rights Issue of ₹39.89 Cr
AI Summary
Magnus Steel and Infra Ltd's Rights Issue Committee has approved the terms of a rights issue amounting to ₹39,88,75,400 (₹39.89 Crore). The issue will involve 3,98,87,540 fully paid-up Equity Shares of face value ₹10.00 each, offered at an issue price of ₹10.00 per share. The record date for determining eligible shareholders is Tuesday, October 27, 2026. The rights issue will open on Thursday, November 12, 2026, and close on Tuesday, December 01, 2026. The entitlement ratio is 59 Equity Shares for every 5 Equity Shares held.
Key Highlights
- Rights issue approved for ₹39.89 Crore.
- 3,98,87,540 equity shares to be issued at ₹10 each.
- Record date set for October 27, 2026.
- Issue opens November 12 and closes December 1, 2026.
- Entitlement ratio is 59 shares for every 5 held.
Price Impact
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