Board approves rights issue of up to ₹1,000 crore at ₹27 per share, payable in two calls

Board approves a rights issue of up to ₹1,000 crore at ₹27 per share, payable in two calls.

Wed 7 Oct 2026

Rights Issue Size

up to ₹1,000 crore

Issue Price

₹27 per share

Discount to Market Price

about 26% below the current market price

What the company said

The Board has approved a rights issue of up to ₹1,000 crore at ₹27 per share, payable in two calls. The company statement says the issue price has been fixed by the Board at about 26% below the current market price, giving all existing shareholders an opportunity to add to their holding at what the statement calls a substantial discount.

How the payment is structured

• 60% is payable on application.
• The balance is payable on a final call, on a date set by the Board.

Who is participating

The statement says the issue gives all existing shareholders an opportunity to add to their holding, and the promoter will invest alongside all other shareholders on the same terms.

What a rights issue is

• A rights issue lets existing shareholders buy new shares, normally in proportion to the shares they already hold.
• Because the issue price is below the market price, a holder who subscribes can add shares at a lower price than buying them in the market.
• A holder who does not subscribe may find their stake becomes a smaller share of the total, because more shares will be issued.

Points a shareholder may want to weigh

• The size is stated as up to ₹1,000 crore, and the price is ₹27 per share.
• Payment is in two parts: 60% on application, and the balance on a final call date the Board will set.
• The promoter is putting in money on the same terms as other shareholders, as per the statement.

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