Rajapalayam Mills to open rights issue on 15 Mar

Rajapalayam Mills announced that the e Rights Issue Committee of the Company has, at its meeting held on 27 February 2021, inter alia, approved -

The issue of 12,29,360 Equity Shares of face value of Rs. 10/- each at an issue price of Rs.569/- per Equity Share (including premium of Rs. 559/- per Equity Share) for an amount aggregating up to Rs. 69.95 crore to all the existing equity shareholders of the Company on a rights basis (Rights Issue).

Schedule for rights issue

Issue Opening Date - Monday, 15 March 2021
Last date for On Market Renunciation of the Rights Entitlements - Wednesday, 24 March 2021
Issue Closing Date - Tuesday, 30 March 2021

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