ARC Finance Limited is launching a Rights Issue worth Rs 48.48 crore, available for subscription from 21 October 2024 to 18 November 2024. Shareholders will be entitled to 4 Rights equity share for every 5 fully paid-up equity shares they own as of the record date, 10 October 2024. Each share has a face value of Rs. 1, and the issue price is set at Rs. 1.2 per share.
Stay tuned with us for comprehensive details on the ARC Finance Ltd 2024 Rights Issue, including the issue size, entitlement, payment terms, and more.
Corporate Action | |
---|---|
Security Name | ARC Finance Limited |
Issue Open/Close | October 21, 2024 - November 18, 2024 |
Record Date | October 10, 2024 |
Issue Size (Amount) | ₹48.48 Crores |
Issue Size (Shares) | 403,960,000 |
Right Issue Price | ₹1.2 per share |
Face Value | ₹1 per share |
CMP | ₹1.93 |
Renunciation of Rights Entitlements | November 12, 2024 |
Terms of Payment | Full payment of ₹1.20 per share is due at the time of application. |
Entitlement | 4 Rights Equity Share for every 5 fully paid-up Equity Shares held on the Record Date. |
Disclaimer: The Information compiled by CEBPL on a best efforts basis from information CEBPL received from third party vendors, believed to be reliable. The information may contain errors or omissions; and is subject to change without prior or additional notice. CEBPL provides corporate action information that may be of interest or relevance to CEBPL clients. This does not constitute a recommendation or advice by CEBPL, and CEBPL Clients may not rely upon it. CEBPL does not warrant that the information provided is accurate, timely, or complete. CEBPL Clients are urged to verify the information prior to using it in their investing and trading decisions, including, but not limited to, referral to independent financial news resources, company announcements, and regulatory filings or disclosures. "Investment in securities market are subject to market risks, read all the related documents carefully before investing". Registration granted by SEBI and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of retums to investors. Name of Compliance Officer-Prashant Salian Email Id-Prashant.salian@choiceindia.com Contact no. 022-67079999-Ext-2310. Name of Grievance Officer-Deepika Singhvi-Email Id-ig@choiceindia.com, Contact no. 022-67079999-Ext-834. choiceindia.com