Diligent Industries Limited fixes Oct 24, 2024 as record date for 6:5 rights issue

The Rights Issue Committee of the Board of Directors of Diligent Industries Limited in their meeting held today, i.e., October 16, 2024, has considered and approved the following terms of the Rights Issue:

Type of securities proposed to be issued - Fully paid-up Equity Shares of face value of ₹1/- each ("Rights Equity Shares")

Type of issuance - Rights Issue of fully paid-up Equity Shares

Total number of securities proposed to be issued - Up to 13,72,32,000 fully paid-up Equity Shares of face value of ₹1/- each.

Issue Price - ₹3.60/- per Rights Equity Share (including premium of ₹2.60/- per Rights Equity Share and Face Value of ₹1/- each).

Issue Size - ₹ 4940.35 lakhs

Terms of Payment - The full amount of the Issue Price being ₹3.60/- will be payable on application.

Record date - Thursday, October 24, 2024 for the purpose of determining the equity shareholders entitled to receive the rights entitlement in the Rights Issue ("Eligible Equity Shareholders")

Rights Issue Period

Rights Issue Opening Date: Monday, November 11, 2024.
*Last Date of Market Renunciations: Monday, November 18, 2024.
**Rights Issue Closing Date: Monday, November 25, 2024

Rights Entitlement ISIN - INE650C20010

Rights Entitlement Ratio 6 (Six) Rights Equity Shares of ₹1/- each for every 5 (Five) Equity Shares of ₹1/- each held by the Eligible Equity Shareholders in the Company as on the record date, with the right to renounce.

Outstanding Equity Shares prior to the Rights Issue - 11,43,60,000 Equity Shares of ₹1/- each.

Outstanding Equity Shares post Rights Issue (assuming full subscription) - 25,15,92,000 Equity Shares of ₹1/- each. (assuming full subscription)

Source : Equity Bulls

Keywords

DiligentIndustries FundRaising RightsIssue 6For5 RecordDate