Rapid Investments 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 25:39,meaning shareholders are entitled to buy 25 new shares for every 39 shares they currently hold.

This issue is priced at a premium of 39 per share. Important dates for this rights issue include the record date of Sep 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 Sep 18, 2024.