AVG Logistics Limited Completes Rights Issue Allotment, Increasing Paid Up Capital
AVG Logistics Limited has approved the allotment of equity shares through its rights issue, resulting in an increase in the company's paid-up share capital. The decision was made following a meeting of the Rights Issue Committee on June 10, 2026.The Company allotted 36,50,356 Equity Shares to eligible shareholders. The equity shares were issued on a rights basis at an issue price of ₹ 145 per share. This allotment is based on a ratio of 8 Right Equity Shares for every 33 fully paid-up Equity Shares held by the Eligible Equity Shareholders as of the record date, May 21, 2026.
The Rights Issue was conducted in accordance with the terms set out in the Letter of Offer dated May 18, 2026.
Financial Impact of the Allotment
The completion of the rights issue has resulted in a significant increase in AVG Logistics Limited's paid-up Equity Share Capital. The pre and post issue share capital details are as follows:| Particulars | No. of Shares | Amount in Rupees |
|---|---|---|
| Paid up Share Capital (Pre-Rights Issue) | 1,50,57,720 | 15,05,77,200 |
| Paid up Share Capital (Post-Rights Issue) | 1,87,08,076 | 18,70,80,760 |
The issuance involved Equity Shares with a face value of ₹ 10/- each. The issue price of ₹ 145 per share includes a premium of ₹ 135/-.
AVG Stock Price Movement
Today, shares of AVG Logistics Limited surged to close at ₹156.76 after gaining 5.15% in trading. The stock maintained a tight intraday range between ₹146.4 and ₹159.5, with 116,577 shares exchanged during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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