Company has been allotted 5,15,954 equity shares of Rs. 10/- each fully paid up pursuant to Rights Issue in…
As filed · The Company has been allotted 5,15,954 equity shares of Rs. 10/- each fully paid up pursuant to Rights Issue in the Joint venture i.e. M/s. ZF LIFETEC Rane Automotive India Private Limited.
CapitalNotablemateriality 72 out of 100
What happened
FactThe Company has been allotted 5,15,954 equity shares of Rs. 10/- each fully paid up pursuant to Rights Issue in the Joint venture i.e. Automotive India Private Limited (JV) has earlier today, pursuant to rights issue, allotted 5,15,954 Equity. shares of Rs. 10/- each fully paid up to the Company.
Why it matters
CapitSignal interpretationExisting holders can maintain their stake only by putting in more money; those who do not subscribe are diluted.
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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; +3 quantified percentage; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%