Rights Issue Announcement for IFL Enterprises Ltd - May 17, 2024

IFL Enterprises 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 198:100,meaning shareholders are entitled to buy 198 new shares for every 100 shares they currently hold.

This issue is priced at a premium of 100 per share. Important dates for this rights issue include the record date of May 17, 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 May 17, 2024.