Rights Issue Announcement for Sharat Industries Ltd - Jul 12, 2024

Sharat 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 13:20,meaning shareholders are entitled to buy 13 new shares for every 20 shares they currently hold.

This issue is priced at a premium of 20 per share. Important dates for this rights issue include the record date of Jul 12, 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 12, 2024.