Thursday, January 4, 2024

Grasim Industries Ltd. Rights Issue Key details Source: BSE

Total number of rights equity shares and Rights Issue size: 2,20,73,935 equity shares of the Company each on partly-paid basis ("Rights Equity Shares”) for an amount aggregating to ₹ 3,999.80 crore.
b. Rights Issue price: ₹ 1,812 per Rights Equity Share when fully paid-up (including a premium of ₹ 1,810 per Rights Equity Share) 

Record date: Wednesday, 10th January 2024
d. Rights Issue period:
1. Rights Issue opening date: Wednesday, 17th January 2024;
2. On-market renunciation period: Tuesday, 23rd January 2024;
3. Off-market renunciation: It is noted that the eligible equity shareholders will have to ensure that renunciation through off-market transfers are completed in such a manner that the rights entitlements are credited to the demat account of the renouncees on or prior to the Issue closing date; and 
4. Rights Issue closing date: Monday, 29th January 2024. 

Rights entitlement ratio: 6 Rights Equity Shares for every 179 fully paid-up equity share of the Company held by the eligible equity shareholders of the Company, as on the record date ("Eligible Equity Shareholders.

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