Rights Issue Announcement for IGC Industries Ltd - Oct 18, 2024

IGC Industries 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 29:2,meaning shareholders are entitled to buy 29 new shares for every 2 shares they currently hold.

This issue is priced at a premium of 2 per share. Important dates for this rights issue include the record date of Oct 18, 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 Oct 18, 2024.