Page 4 - Rights Issue

Indian Hotels to raise Rs 3,000 cr via rights issue for capex, pruning debt

Tata Group's hospitality arm has been using rights issues for fund raising regularly. It raised Rs 1,500 cr in April 2017, Rs 1,000 cr in January 2016 and Rs 844 crore in Feb 2008

Kesoram scraps preferential allotment, plans rights issue

The decision was taken in deference to the views and intent expressed by a cross section of shareholders

IndusInd Bank expects Rs 2k cr capital infusion on successful rights issue

The rights issue was necessitated to infuse residual capital into the bank in lieu of conversion of warrants issued to them in 2019 worth over Rs 2,695 crore into equity

L&T Finance Holdings raises Rs 2,998 cr through rights issue

L&T Finance Holdings Ltd (LTFH) on Tuesday said it has closed its rights issue and has raised over Rs 2,998 crore. LTFH has closed its rights issue to raise Rs 2,998.61 crore. The rights issue was oversubscribed by approximately 15 per cent, it said in a release. The non-banking finance company is present in businesses, including rural finance, housing finance, infrastructure finance and investment management. The allotment of shares will take place next week on the same day, the company said, adding the shares will be listed on BSE and NSE on or by February 26. "We are delighted that our rights issue was oversubscribed and we are thankful to our investors for their support. "The response reflects the faith in the resilience of our business model which along with our AAA credit rating, and the strong backing of our parent, gives us the confidence of continuing on our path of creating a stable and sustainable organisation for all our stakeholders," Dinanath Dubhashi, Managing ...

Sebi extends relaxations for compliance with rights issues till March 31

The move comes amid the ongoing coronavirus crisis

L&T Finance Holdings gets nod to raise up to Rs 3,000 cr via rights issue

The company said details of the rights issue, including price and entitlement ratio, will be determined in due course.

L&T Finance gets board's approval to raise Rs 3,000 crore via rights issue

L&T Finance Holdings on Monday said its board has approved raising of up to Rs 3,000 crore through a rights issue. "The board approved the offer and issuance of fully paid-up equity shares of the company for an amount not exceeding Rs 3,000 crore by way of a rights issue to the eligible equity shareholders of the company," L&T Finance Holdings said in a regulatory filing. The company said details of the rights issue, including price and entitlement ratio, will be determined in due course. Shares of L&T Finance Holdings Ltd were trading 0.37 per cent lower at Rs 67.35 apiece on the BSE.

Lakshmi Vilas plans to raise at least Rs 500 crore through rights issue

Proposed right issue is to increase the capital adequacy ratio as lender pursue talks with Clix Capital for a proposed merger

Sebi extends relaxation on validity of nod to launch IPO, rights issue

The move comes following representations from the industry, the Securities and Exchange Board of India said in a circular

Sebi notifies new rights issue rules, rationalises eligibility, disclosures

Markets regulator Sebi has notified new rights issue rules to rationalise the eligibility criteria and disclosure requirements to make fund raising easier, faster and cost-effective

Hospitality major EIH gets board approval to raise up to Rs 350 cr

The rights issue price has been fixed at Rs 65 per equity share, including a premium of Rs 63 per equity share over face value of Rs 2 per share, it added

Minda Industries advances 7% after Board fixes record date for rights issue

The rights issue will open on August 25 and close on September 8, 2020

Spencer's Retail to raise Rs 80 crore rights in maiden rights issue

The maiden rights issue of Spencers Retail of Rs 80 crore to meet its working capital needs and other general purposes opened on Tuesday.

M&M Financial jumps 10% as stock turns ex-date today for 1:1 rights issue

The board on Saturday, July 18, approved a 1:1 rights issue at Rs 50 per share, amounting to Rs 3,089 crore.

Shriram Transport Finance okays rights issue to promoters for Rs 1,500 cr

The issue has been fixed at Rs 570 per share, including premium of Rs 560 per rights equity share, it said

RIL net debt to dip with rights issue, Jio stake sale: Morgan Stanley

Reliance Industries announced today an investment of $252 million by Intel Capital for a 0.39 per cent stake in Jio Platforms

Adtiya Birla Fashion rights opens July 8, payment in 3 tranches like RIL

Issue size Rs 995 crore, closes July 22, ex-date July 1; shareholders can get nine shares for every 77 held

RIL partly-paid shares under rights issue to debut on bourses on Monday

These shares are worth a fourth of the fully-paid up shares of RIL that are traded on the bourses

RIL recovers 6% from day's low; rights shares to list on June 15

The stock moved higher by 3 per cent to Rs 1,579, bouncing back 6 per cent from the day's low of Rs 1,495 on the BSE.

Mukesh Ambani gets 552,000 shares in RIL rights issue, company says

Ambani's firm had on April 30 announced fundraising of Rs 53,124 crore by way of a 1:15 rights issue -- India's biggest and the first such issue by the firm in nearly three decades