On Monday, January 09, 2023, the Right Issue Committee of the Board of Directors at Aarti Surfactants Ltd met to deliberate and approve the terms and conditions of the rights issue.
The rights issue will consist of a total of 8,92,291 partly paid-up equity shares with a face value of Rs.10 each, to be offered at a price of Rs.555 per share. The total amount to be raised through this rights issue, assuming full subscription by all eligible shareholders, is Rs. 49,52,21,505.
The terms of payment for the rights issue are as follows:
- An initial payment of Rs. 222 (40% of the issue price) is to be made at the time of application,
- The remaining 60% will be collected in subsequent calls as determined by the Committee of the Board.
Issue Price:
The rights issue will be offered at an issue price of Rs.555 per equity share
Record date:
January 17, 2023 has been set as the record date for determining the equity shareholders who are eligible to receive the rights entitlement in the rights issue.
Right Entitlement Ratio:
The rights entitlement ratio for the rights issue is 2 rights equity shares for every 17 fully paid equity shares held by existing shareholders on the record date.
Rights Issue Period:
| ISSUE OPENING DATE | January 25, 2023 |
| LAST DATE FOR ON MARKET RENUNCIATION | January 27, 2023 |
| ISSUE CLOSING DATE | February 03, 2023 |
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