
Rights Issue29 Apr 2026, 09:01 pm
Shakti Press approves Rights Issue of 2.46 Cr shares at ₹20/share
AI Summary
Shakti Press Ltd's Board of Directors approved the Letter of Offer for a Rights Issue on April 29, 2026. The company plans to issue up to 2,46,41,400 fully paid-up equity shares, each with a face value of ₹10, at an issue price of ₹20 per share (including a premium of ₹10). This initiative aims to raise an aggregate amount of up to ₹4928.28 Lakhs. The Rights Issue will be offered to eligible equity shareholders in the ratio of seven rights equity shares for every one fully paid-up equity share held on the record date, April 29, 2026. The Letter of Offer has been submitted to SEBI for compliance.
Key Highlights
- Board approved the Letter of Offer for a Rights Issue.
- Company to issue 2.46 crore shares at ₹20 each.
- Issue price includes a ₹10 premium per share.
- Aims to raise up to ₹49.28 crore through the issue.
- Rights ratio: 7 shares for every 1 share held.
Price Impact
More from SHAKTIPR