Rights Issue Announcement for Praxis Home Retail Ltd - Mar 20, 2025

Praxis Home Retail 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 11:30,meaning shareholders are entitled to buy 11 new shares for every 30 shares they currently hold.

This issue is priced at a premium of 30 per share. Important dates for this rights issue include the record date of Mar 20, 2025, 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 Mar 20, 2025.