Rights Issue21 Mar 2026, 12:07 pm
TIL Ltd Announces Rights Issue of Upto 120,91,760 Equity Shares at Rs. 165 Each
AI Summary
TIL Ltd has announced a Rights Issue of upto 120,91,760 partly paid-up Equity Shares of face value of Rs. 10/- each at an issue price of Rs. 165/- per Rights Equity Shares. The issue is on a rights basis to the eligible shareholders of the Company in the ratio of 11 Rights Equity Shares for every 64 Fully Paid-up Equity Shares held by the Eligible Equity shareholders as on the record date i.e. Monday, March 23, 2026. The Rights Issue Committee of Board of Directors of the Company has approved the Final Letter of Offer on Friday, March 20, 2026.
Key Highlights
- TIL Ltd proposes a Rights Issue of upto 120,91,760 Equity Shares at an issue price of Rs. 165/- per Rights Equity Shares.
- The issue is on a rights basis to the eligible shareholders in the ratio of 11 Rights Equity Shares for every 64 Fully Paid-up Equity Shares held.
- The Record Date for determining the eligibility of equity shareholders is Monday, March 23, 2026.
- The Final Letter of Offer has been approved by the Rights Issue Committee of Board of Directors on Friday, March 20, 2026.
- The Letter of Offer has been submitted to SEBI, BSE Limited and National Stock Exchange of India on March 20, 2026.