Rights Issue
CapitalWatchNotablemateriality 69 out of 100
What happened
FactEquity Shares of the Company for an amount not exceeding Rs. 99,900 Lakhs, by way of a Rights Issue. (“Rights Issue”), in accordance with the Companies Act, 2013, as amended and the rules made. The Rights Issue Committee, at their meeting held.
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%