Here is the list of upcoming rights issue in India. These companies have announced their rights issue recently.
GUJARAT NATURAL RESOURCES, MOONGIPA CAPITAL have announced their rights issue for December 2024.
Here is the list of companies which have announced rights issue recently.
A rights issue is an invitation to existing shareholders to purchase additional new shares in the company.
With the rights, the shareholder can purchase new shares at a discount to the market price on a stated future date.
Until the date at which the new shares can be purchased, shareholders may trade the rights on the market the same way that they would trade ordinary shares.
Companies usually carry out a rights issue to raise capital at a low cost.
A rights issue costs less than a public share issue as the company saves a significant amount of money, such as underwriting fees, advertisement cost and so on.
After opening the day lower, Indian benchmark turned positive as the session progressed and ended the day higher.