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Issue Open | January 9, 2023 |
Issue Close | January 24, 2023 |
Issue Size (Shares) | 2.50 Crores |
Issue Size (Amount) | ₹125.00 Crores |
Issue Price | ₹50 per Share |
Listing At | BSE |
Quint Digital Media Rights Issue 2022 Timetable
Last Date for credit of Rights Entitlements | |
Last Date for renunciation of Rights Entitlements | January 13, 2023 |
Issue Opening Date | January 9, 2023 |
Issue Closing Date | January 24, 2023 |
Allotment Date | January 31, 2023 |
Shares Credit Date | February 1, 2023 |
Listing Date | February 3, 2023 |
Quint Digital Media Rights Issue 2022 price is set at ₹50 per Share. The Quint Digital Media Rights Issue 2022 opens on January 9, 2023, and closes on January 24, 2023, for the subscription.
The allotment of Quint Digital Media Rights Issue 2022 is expected to happen on or about January 31, 2023 as per the issue schedule.
Quint Digital Media Rights Issue 2022 listing date is February 3, 2023.
The credit of Quint Digital Media Rights Issue 2022 in Demat account is expected on or about February 1, 2023 as per the issue schedule.
The Company proposes to utilize the Net Proceeds towards funding the following Objects:
1. Towards exercise of the call option under the Quintype SHA.
2. Payment of the remaining purchase price to Mr. Raghav Bahl for acquisition of 100% shares and securities of QML in accordance with the QML SPA.
3. Payment of the remaining purchase price to RB Diversified for acquisition of 100% shares and securities of QML in accordance with the QML SPA.
4. Payment of the remaining purchase price to Mr. Raghav Bahl for acquisition of 47.92% stake in Spunklane Media in accordance with the Spunklane SPA.
5. Pre- payment / repayment of loans; and 6. General Corporate Purposes.
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