Rights Issue6 Jun 2026, 01:30 pm
Steelco Gujarat Allots 13.3 Lakh Equity Shares via Rights Issue
AI Summary
Steelco Gujarat Ltd announced the successful allotment of 13,30,060 fully paid-up equity shares following its rights issue. The rights issue, priced at Rs. 112 per share, aimed to raise up to Rs. 1489.66 Lakhs. The issue opened on May 25, 2026, and closed on June 4, 2026. The allotment, approved by the Board of Directors on June 6, 2026, has increased the company's paid-up equity share capital from Rs. 4,96,60,120 to Rs. 6,29,60,720.
Key Highlights
- Allotment of 13,30,060 equity shares completed.
- Rights issue price set at Rs. 112 per share.
- Total funds raised via rights issue approx. Rs. 14.9 Cr.
- Paid-up equity share capital increased post-allotment.
- Board approved allotment on June 6, 2026.
Price Impact
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