Page 5 - Rights Issue

Rights issue: Lull after 3 stormy years, mop-up Rs 2,867 crore in CY22

Mop-up Rs 2,867 cr in CY22, as against Rs 25,335 cr in same period last yr

Suzlon rights issue subscribed 90% a day ahead of close, stock up 20%

The company is issuing 2.4 billion new shares at Rs 5 apiece; proceeds will be used pare debt, which currently stands at Rs 3,272 crore

Subscription of Rs 1,200 cr rights to aid Rs 584 cr debt repayment: Suzlon

Suzlon Energy would be able to pare its debt by Rs 583.5 crore with full subscription of its Rs 1,200 crore rights issue which opened on Tuesday, the company said. "Rs 583.5 crore debt will be repaid with the assumption of full subscription of Rs 1,200 crore rights issue opened on Tuesday," Suzlon Group Chief Financial Officer Himanshu Mody said in a virtual press conference. He said the total debt of the company was Rs 3,200 crore as of June quarter 2022-23 and the company would be able to repay the remaining debt in the next eight years. Mody emphasised that the company would have much leaner, healthier and better balance sheet after the issue and there will be no decline in the promoters' holding after the issue. About an earlier instance of decline in promoter holding, he said it happened due to conversion of certain bonds (debt) into equity (under the debt restructuring plan). Earlier this month, Suzlon Energy had said its promoters had reconfirmed their participation in the

Ahead of rights issue, charts hint steady gains for Suzlon; 200-DMA is key

There is a bullish formation of a "Higher High, Higher Low" pattern on the daily chart, and only if the stock breaks the 200-DMA the trend could turn negative.

Shanghvi says will participate in Suzlon Energy's Rs 1,200-cr rights issue

The rights issue will open on October 11, closing on October 20

This Tata Group stock has zoomed 109% against its rights issue price

Meanwhile, the stock has surged 55 per cent against its qualified institutional placement (QIP) price of Rs 202 per share

Suzlon looks to raise Rs 1,200 cr in FY23 from rights issue, says CFO

It is looking to raise up to Rs 1,200 crore through a rights issue of shares by the fiscal-end to pare the refinanced debt of Rs 3,000 crore, its Chief Financial Officer Himanshu Mody told PTI.

Dhanlaxmi Bank's Rs 127-cr rights issue hits fresh roadblock at boardroom

Lender was aiming to raise Rs 127 crore for growth plans

Sandur Manganese turns ex-date for rights issue; stock zooms 50% in 7 days

On April 10, 2022, the board had approved rights issue in the ratio of 2 rights equity shares for every 1 equity share as on record date at a price of Rs 10 per share.

Dhanlaxmi Bank planning to raise Rs 127 crore via rights issue this month

The bank's capital adequacy ratio fell below 13% in the March quarter and capital raised via the rights issue is expected to boost it by 50 bps

Asian Granito files draft letter of offer for Rs 500 crore rights issue

Plans to raise funds to fuel capacity expansion, foray into sanitary ware, surface flooring

PNB Housing Finance to raise up to Rs 2,500 cr via rights issue

In October 2021, PNB HFC dropped plans for a preferential issue of equity shares to raise Rs 4,000 crore from a group of investors led by private equity fund Carlyle

Airtel board to decide on fund raising via preferential route on Friday

The plan comes ahead of proposed 5G spectrum auction and is the second such exercise in three months. Last October the firm raised about Rs 21,000 cr via a rights issue

419 million shares of RIL rights issue to commence trading on Friday

These shares-issued as part of the Rs 53,124-cr rights issue last year-have become fully-paid up after payment of final tranche last month

Texmaco Rail & Engineering rights issue oversubscribed 1.35 times

The Kolkata-headquartered company, in an exchange filing, said the rights issue closed for subscription at 5 pm on Thursday

Second and final call payment opens for RIL's Rs 53,124 cr rights issue

The holders of its partly-paid shares will have to pay Rs 628.5 by November 29

Reliance makes final call for payment on rights issue

To assist investors on the issue, Reliance has re-activated WhatsApp Chatbot

Airtel garners over Rs 5,200 cr from first round of payment in rights issue

This implies that Airtel has raised an estimated Rs 5,243 crore from the initial tranche

RIL rights issue final call of Rs 628.5 per unit payable between Nov 15-29

The Mukesh Ambani-led promoter group will have to pay over Rs 13,000 crore as part of final call. RIL has already collected Rs 628.5 in two equal tranches of Rs 314.25 so far

Dish TV Rs 1,000 cr rights issue critical for survival: Company executive

The rights issue is critical for the survival of the DTH company, its top official said