Rights Issue26 Mar 2026, 05:34 pm
Vivid Mercantile Ltd Announces Rights Issue of Equity Shares worth ₹ 2506.41 Lakhs
AI Summary
Vivid Mercantile Ltd announced a Rights Issue of Equity Shares at an issue price of ₹ 5/- each, including a premium of ₹ 4/- per share. The company plans to issue up to 5,01,28,200 Fully Paid-up Equity Shares, raising an amount of up to ₹ 2506.41 Lakhs. The Record Date and ISIN for Rights Entitlement will be announced in due course. The Rights Entitlement Ratio is 1:2, meaning 1 Rights Equity Share for every 2 Equity Shares held by the equity shareholders.
Key Highlights
- Vivid Mercantile Ltd announces a Rights Issue of Equity Shares worth ₹ 2506.41 Lakhs.
- The company to issue up to 5,01,28,200 Fully Paid-up Equity Shares at an issue price of ₹ 5/- each.
- The Rights Entitlement Ratio is 1:2, meaning 1 Rights Equity Share for every 2 Equity Shares held.
- Record Date and ISIN for Rights Entitlement will be announced in due course.
- The detailed terms of the Rights Issue will be specified in the Letter of Offer.