Minolta Finance Ltd to Hold Board Meeting to Approve Proposed Rights Issue
Minolta Finance Ltd has scheduled a meeting of its Board of Directors to consider and approve a proposed Rights Issue. The meeting is set to be held on June 27, 2026, via video conferencing at the company's Corporate Office.The primary focus of the board meeting will be granting approval for the Proposed Rights Issue. Several critical aspects related to the rights issue are scheduled for deliberation and finalization during the session.
Key matters pertaining to the proposed rights issue that require consideration include:
- Revision of the Equity Shares Pricing
- Defining the Terms of payment
- Determining the Rights Entitlement Ratio
- Revising the Record Date
- Setting the Issue Opening and Closing Dates
- Approving the Final Letter of Offer, Abridged Letter of Offer, Composite Application Form, and Rights Entitlement Letter
- Executing agreements and regulatory filings connected to the Rights Issue
- Approving the Abridge Letter of offer, Application Form for the Rights Issue, and the Rights Entitlement Letter intended for eligible Shareholders.
Stock Price Movement
Minolta Finance Ltd shares settled at ₹1.46 on Monday, dropping 4.58% in after-hours trading. The stock was locked completely flat throughout the day, with its high and low remaining identical at ₹1.46.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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