Ravindra Energy Limited Allots 19.85 Million Shares at Rs 101 Per Share on Rights Issue
Ravindra Energy Limited announced the successful allotment of equity shares issued on a rights basis. The Finance Committee approved the allocation after considering the terms related to the rights issue.The Company allotted 1,98,54,940 fully paid-up equity shares to eligible shareholders and renouncees. These shares were offered at a price of Rs 101/- each, which includes a premium of Rs 91/- per share. The allotment followed the terms set forth in the letter of offer dated June 3, 2026, and the corrigendum issued on June 12, 2026.
The issuance accounted for a combined value of Rs 2005.35 million, as noted during the process.
Company Capital Post-Allotment
Following this rights issue, the company's share capital structure has been updated. The allotment contributed significantly to the paid up share capital.The details regarding the issued and paid up share capital are provided below:
| Particulars | Details |
|---|---|
| Issued Share Capital | Rs 2,01,04,94,030/- (20,10,49,403 equity shares of face value of Rs. 10/- each) |
| Paid Up Share Capital | Rs 1,98,54,94,030/- (19,85,49,403 equity shares of face value of Rs. 10/- each) |
The issuance was structured as a Rights Issue and remains fully executed, with no cancellations or terminations noted for the securities proposed.
RELTD Stock Price Movement
Ravindra Energy Limited shares gained 1.29% on Thursday, settling at ₹161.50 after closing higher by ₹2.06 from the previous day's close. The stock saw significant trading activity, with a total volume of 554,551 units recorded 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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