Rights Issue5 Jun 2026, 08:21 pm
Shakti Press Allots 2.46 Cr Equity Shares Post Rights Issue
AI Summary
Shakti Press Ltd announced the successful allotment of 2,46,41,400 equity shares of face value ₹10 each at a price of ₹20 per share, totaling ₹49.28 Crores. This allotment is a follow-up to the company's Rights Issue. Additionally, the Board approved the appointment of Brickwork Ratings India Private Limited as the monitoring agency to oversee the utilization of the funds raised through the Rights Issue, ensuring transparency and accountability. The meeting was held on June 05, 2026.
Key Highlights
- Allotted 2,46,41,400 equity shares at ₹20 each.
- Raised ₹49.28 Crores through the Rights Issue allotment.
- Appointed Brickwork Ratings as monitoring agency for fund utilization.
- Appointment aims to ensure transparency and accountability.
Price Impact
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