Update on Rights Issue
As filed · Davangere Sugar Company Limited has informed the Exchange about Update on Rights Issue
CapitalWatchNotablemateriality 69 out of 100
What happened
FactDavangere Sugar Company Limited has informed the Exchange about Update on Rights Issue. Mr. Ganesh Shivashankarappa Shamanur for his subscription under the Rights Issue (both towards his. granted by him to the Company upto an amount of Rs. 4,425 lakhs.
Why it matters
CapitSignal interpretationExisting holders can maintain their stake only by putting in more money; those who do not subscribe are diluted.
Watch next
Fact- Rights ratio and issue price
- Record date and subscription window
- Promoter intention to subscribe
Evidence
How CapitSignal classified this
- Reasoning:
- RIGHTS_ISSUE base 64; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%