Rights Issue Announcement for Mangalam Industrial Finance Ltd - Jan 29, 2024

Mangalam Industrial Finance 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 21:163,meaning shareholders are entitled to buy 21 new shares for every 163 shares they currently hold.

This issue is priced at a premium of 163 per share. Important dates for this rights issue include the record date of Jan 29, 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 Jan 29, 2024.