What Is Right Issue?
A rights issue is a financial offering by a company, providing existing shareholders the option to purchase additional shares directly from the company at a discounted price, usually to raise capital. Shareholders can buy these shares in proportion to their existing holdings.
Upcoming Right Issue Of Shares This Week
| Company Name | Record Date | Issue Open | Renunciation of Rights Entitlements | Issue Close | Issue price (Per Share) | Issue Size (Rs Cr) | CMP of Share | CMP of Rights Entitlement | Rights Issue Ratio |
| Shrydus Industries Limited | Jul 19, 2024 | Aug 05, 2024 | Aug 14, 2024 | Aug 19, 2024 | 18 | 36.02 | 17.99 | 0.24 | 05:03 |
| Nirman Agri Genetics Limited | Jul 29, 2024 | Aug 05, 2024 | Aug 19, 2024 | Aug 23, 2024 | 239 | 48.97 | 11:32 | ||
| Tata Consumer Products Limited | Jul 27, 2024 | Aug 05, 2024 | Aug 12, 2024 | Aug 19, 2024 | 818 | 2997.76 | 1185.95 | 359.2 | 01:26 |
Introduction Of Upcoming Right Issue This Week
Shrydus Industries Limited
Shrydus Industries Limited is a prominent player in the industrial sector, specializing in manufacturing and distributing a wide range of chemical products. The company focuses on innovation and sustainability to meet global standards and customer expectations.
Nirman Agri Genetics Limited
Nirman Agri Genetics Limited is engaged in agricultural biotechnology, developing and commercializing hybrid seeds and genetically modified crops to enhance farm productivity. The company aims to provide innovative agricultural solutions to farmers, improving crop yields and sustainability.
Tata Consumer Products Limited
Tata Consumer Products Limited, part of the prestigious Tata Group, integrates all Tata’s consumer businesses. It focuses on beverages and food, aiming to create a significant global presence by delivering high-quality products and nurturing a strong consumer-centric approach.
List Of Upcoming Right Issue Of Shares This Week 2024 – FAQs
In a rights issue, a company offers existing shareholders the opportunity to buy additional shares directly from the company at a discounted price, within a specific period. Shareholders receive rights proportional to their current holdings, which they can exercise, sell, or let expire.
To apply for a rights issue, shareholders receive a rights entitlement based on their shareholding. They can apply by filling out the application form provided by the company and submitting it along with the subscription price for the number of shares they wish to purchase.
The subscription price in a rights issue is usually set below the current market price to entice shareholders to invest. It’s calculated based on several factors including current stock performance, expected capital raise, and strategic goals, and is specified by the company during the announcement.
Companies issue right shares to raise additional capital for various purposes such as paying off debt, funding new projects, or expanding operations. It allows companies to secure funds while giving existing shareholders a chance to increase their investment at a potentially lower cost.
