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Issue Open | August 25, 2020 |
Issue Close | September 8, 2020 |
Issue Size (Shares) | 0.97 Crores |
Issue Size (Amount) | ₹242.79 Crores |
Issue Price | ₹250 per Share |
Listing At | BSE, NSE |
Minda Industries Rights Issue Timetable
Last Date for credit of Rights Entitlements | |
Last Date for renunciation of Rights Entitlements | |
Issue Opening Date | August 25, 2020 |
Issue Closing Date | September 8, 2020 |
Allotment Date | September 17, 2020 |
Shares Credit Date | September 18, 2020 |
Listing Date | September 22, 2020 |
Minda Industries Rights Issue price is set at ₹250 per Share. The Minda Industries Rights Issue opens on August 25, 2020, and closes on September 8, 2020, for the subscription.
The allotment of Minda Industries Rights Issue is expected to happen on or about September 17, 2020 as per the issue schedule.
Minda Industries Rights Issue expected to list on or around September 22, 2020.
The credit of Minda Industries Rights Issue in Demat account is expected on or about September 18, 2020 as per the issue schedule.
The Company intends to utilize the Net Proceeds from the Issue towards the following objects: (a) Repayment/ prepayment of all or of a portion of the principal/ interest of certain borrowings availed by the Company; (b) Investment in Company's Joint Venture - Toyoda Gosei Minda India Private Limited; (c) General corporate purposes.
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