Rights Issue Announcement for Dhanlaxmi Bank Ltd - Dec 27, 2024

Dhanlaxmi Bank Ltd has announced a rights issue, offering existing shareholders the opportunity to purchase additional shares at a favorable rate. The rights issue comes with a ratio of 14:25,meaning shareholders are entitled to buy 14 new shares for every 25 shares they currently hold.

This issue is priced at a premium of 25 per share. Important dates for this rights issue include the record date of Dec 27, 2024, which is the cutoff date to determine shareholder eligibility for the rights offer. The ex-date, when the stock will begin trading without the rights entitlement, is Dec 27, 2024.