Established in 1994, Spright Agro Limited, known as Tine Agro Limited, focuses on agricultural and forestry operations. The company engages in planting, cultivating, producing, and breeding various agricultural and forestry crops, horticultural crops, and medicinal and aromatic plants on its owned or leased farms. Additionally, it operates as a manufacturer, importer, exporter, wholesaler, retailer, and trader of diverse agricultural and other commodities.
Spright Agro Ltd is offering a Right Issue valued at Rs 44.87 Crores. The subscription for this Right Issue will be open from June 24, 2024, to July 12, 2024. For every fully paid-up equity share held on the record date of June 7, 2024, shareholders are entitled to 1 Rights equity share for every 15 fully paid-up equity shares held on the record date. The face value of each share is Rs. 1, with the Right Issue price set at Rs 13.5 per Share.
Corporate Action | |
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Security Name | Spright Agro Limited |
Issue Open/Close | June 24, 2024 - July 12, 2024 |
Record Date | June 7, 2024 |
Issue Size (Amount) | ₹44.87 Crores |
Issue Size (Shares) | ₹33,484,611 |
Right Issue Price | ₹13.4 per share |
Face Value | ₹1 Per Shares |
CMP | ₹47 |
Renunciation of Rights Entitlements | July 8, 2024 |
Terms of Payment | The Issue Price of 13.40/- per Equity Share shall be payable at the time of application |
Entitlement | 1 Rights Equity Shares for every 15 fully paid-up Equity Shares held on Record Date |
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