Nirman Agri Genetics 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 11:32,meaning shareholders are entitled to buy 11 new shares for every 32 shares they currently hold.

This issue is priced at a premium of 32 per share. Important dates for this rights issue include the record date of Jul 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 Jul 29, 2024.