Rights Issue26 Mar 2026, 05:41 pm
Vivid Mercantile Ltd Announces Rights Issue of Equity Shares
AI Summary
Vivid Mercantile Ltd, with CIN: L74110GJ1994PLC021483 and registered office at G/19, Hemkut Owners Association, Opp. Capital Comm Centre, Ashram Road, Ahmedabad, Gujarat, 380009, announced a rights issue of equity shares. The Board of Directors approved the draft letter of offer for a rights issue of up to 5,01,28,200 fully paid-up equity shares of face value of ₹ 1/- each at an issue price of ₹ 5/- each, including a premium of ₹ 4/- per share. The record date and ISIN for rights entitlement will be announced in due course. The rights entitlement ratio is 1:2, with 1 rights equity share for every 2 equity shares held by eligible equity shareholders.
Key Highlights
- Vivid Mercantile Ltd announces a rights issue of equity shares.
- The issue price is ₹ 5/- per share, including a premium of ₹ 4/- per share.
- The rights issue is for up to 5,01,28,200 fully paid-up equity shares.
- The record date and ISIN for rights entitlement will be announced in due course.
- The rights entitlement ratio is 1:2.