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Akshar Spintex Rights Issue 2024 Detail
Issue Open September 9, 2024
Issue Close September 30, 2024
Issue Size (Shares) 48.75 Crores
Issue Size (Amount) ₹48.75 Crores
Issue Price ₹1 per Share
Listing At BSE, NSE

Akshar Spintex Rights Issue 2024 Date & Price FAQs

Akshar Spintex Rights Issue 2024 Timetable

Last Date for credit of Rights EntitlementsSeptember 4, 2024
Last Date for renunciation of Rights EntitlementsSeptember 24, 2024
Issue Opening DateSeptember 9, 2024
Issue Closing DateSeptember 30, 2024
Allotment DateOctober 9, 2024
Shares Credit DateOctober 14, 2024
Listing DateOctober 15, 2024

Akshar Spintex Rights Issue 2024 price is set at ₹1 per Share. The Akshar Spintex Rights Issue 2024 opens on September 9, 2024, and closes on September 30, 2024, for the subscription.

The allotment of Akshar Spintex Rights Issue 2024 is expected to happen on or about October 9, 2024 as per the issue schedule.

Akshar Spintex Rights Issue 2024 expected to list on or around October 15, 2024.

The credit of Akshar Spintex Rights Issue 2024 in Demat account is expected on or about October 14, 2024 as per the issue schedule.

The Company proposes to utilize the net proceeds raised through the Issue for the below mentioned Objects:

  1. To repay in full certain identified long-term unsecured loans obtained by the Company;
  2. To augment the existing and incremental working capital requirement of the Company; and
  3. General Corporate Purposes.

It is difficult to say at what price Akshar Spintex Rights Issue 2024 shares will list. The price depends on the demand and supply of company's shares on the day of listing.

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