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Stock Report
Tata Consumer Products Limited fixes July 27, 2024 as record date for rights issue
Posted On : 2024-07-23 19:53:50( TIMEZONE : IST )
The Capital Raising Committee of the Board of Tata Consumer Products Limited at its meeting held today, i.e. on July 23, 2024, has considered and approved the following terms of the Rights Issue:
Total number of Rights Equity Shares and Rights Issue size: 3,66,47,492 Rights Equity Shares each for an amount aggregating upto ₹2,997.77 crore (assuming full subscription).
Rights Issue Price: ₹818 per Rights Equity Share (including a premium of ₹817) per Rights Equity Share)
Record date: Saturday, July 27, 2024
Rights Issue period:
Rights Issue Opening Date: Monday, August 5, 2024;
Rights Issue Closing Date: Monday, August 19, 2024
On-market renunciation period: Monday, August 5, 2024, to Monday August 12, 2024
Off-market renunciation: It is noted that the eligible equity shareholders will have to ensure that renunciation through off-market transfers are completed in such a manner that the rights entitlements are credited to the demat account of the renouncees on or prior to the Issue closing date.
Outstanding Equity Shares:
Prior to the Rights Issue: 95,28,34, 816, equity shares of the Company.
Post Rights Issue#: 98,94,82,308 equity shares of the Company. #Assuming full subscription.
Rights entitlement ratio: The Rights Equity Shares are being offered on a rights basis to Eligible Equity Shareholders in the ratio of 1 (one) Rights Equity Shares for every 26 (Twenty-six) fully paid-up Equity Shares held on the record date. For Rights Equity Shares being offered under this Issue, if the shareholding of any of the Eligible Equity Shareholders is less than 26 (Twenty-six) Equity Shares or not in the multiple of 26 (Twenty-six), the fractional entitlement of such Eligible Equity Shareholders shall be ignored in the computation of the Rights Entitlement.
Shares of TATA CONSUMER PRODUCTS LIMITED was last trading in BSE at Rs. 1256.65 as compared to the previous close of Rs. 1202.60. The total number of shares traded during the day was 149235 in over 7308 trades.
The stock hit an intraday high of Rs. 1261.20 and intraday low of 1200.45. The net turnover during the day was Rs. 184560443.00.
