Iris Clothings LimitedIRISDOREMENSE
'Closure of Issue Period of the Right Issue'
As filed · Iris Clothings Limited has informed the Exchange regarding 'Closure of Issue Period of the Right Issue'.
CapitalWatchNotablemateriality 69 out of 100
What happened
FactIris Clothings Limited has informed the Exchange regarding 'Closure of Issue Period of the Right Issue'. approved the terms of the issuance of fully paid equity shares of the Company of face value of Rs. 2/-. each by way of rights issue for an amount aggregating to Rs. 4,758.28 /- Lakhs (“Issue”), in accordance.
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%