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Issue Open | March 15, 2021 |
Issue Close | March 30, 2021 |
Issue Size (Shares) | 0.12 Crores |
Issue Size (Amount) | ₹69.95 Crores |
Issue Price | ₹569 per Share |
Listing At | BSE |
Rajapalayam Mills Rights Issue Timetable
Last Date for credit of Rights Entitlements | March 12, 2021 |
Last Date for renunciation of Rights Entitlements | March 24, 2021 |
Issue Opening Date | March 15, 2021 |
Issue Closing Date | March 30, 2021 |
Allotment Date | April 8, 2021 |
Shares Credit Date | April 9, 2021 |
Listing Date | April 13, 2021 |
Rajapalayam Mills Rights Issue price is set at ₹569 per Share. The Rajapalayam Mills Rights Issue opens on March 15, 2021, and closes on March 30, 2021, for the subscription.
The allotment of Rajapalayam Mills Rights Issue is expected to happen on or about April 8, 2021 as per the issue schedule.
Rajapalayam Mills Rights Issue expected to list on or around April 13, 2021.
The credit of Rajapalayam Mills Rights Issue in Demat account is expected on or about April 9, 2021 as per the issue schedule.
The Net Proceeds from the Issue are proposed to be utilized towards: 1. Modernization of the Company’s existing Open End Spinning Machines located at Rajapalayam Mills, Rajapalayam. 2. Setting up a new additional line of mercerization machine in the Company’s Mercerizing Division located at Rajapalayam Mills, Rajapalayam; and 3. General corporate purposes.
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