Ravindra Energy Revisions Rights Issue Details, Increasing Share Count and Issuing Corrigendum
Ravindra Energy Limited has issued a Corrigendum to its Letter of Offer dated June 3, 2026, concerning the ongoing Rights Issue. The revision addresses changes in the total number of Rights Equity Shares and the overall Issue Size, resulting from necessary adjustments for fractional entitlements.The Corrigendum confirms that there are no other alterations to the Letter of Offer, the Application Form, or the Rights Entitlement Letter. All previous terms and conditions remain unchanged except as modified by this document.
Key Revisions to the Rights Issue
In light of the final determination of Rights Entitlements, the total number of Rights Equity Shares proposed for issue has been revised. The offer structure remains premised on a ratio of 1 (one) Rights Equity Share for every 9 (nine) fully paid-up equity shares held by Eligible Equity Shareholders as of the Record Date, which is June 8, 2026.The specific changes regarding the share count and issue size are detailed below:
- Rights Equity Shares Offered: The revised number stands at up to 19,854,940 shares.
- Issue Size: The total aggregated Issue Size has been revised from ₹2,003.12 million to ₹2,005.35 million.
- Issue Details: The Rights Equity Shares are being offered for cash at a price of ₹101 per share (which includes a premium of ₹91).
Financial Summary of the Issue
The issue involves up to 19,854,940 fully paid-up equity shares of face value ₹10 each. The total financial parameters of the issuance are summarized in the following tables and details:Issue Proceeds Details:
| Particulars | Estimated Amount (₹ in million) |
|---|---|
| Gross proceeds from the Issue | 2,005.35 |
| Less: Issue related expenses | 16.00 |
| Net Proceeds | 1,989.35 |
Capital Structure Post-Issue:
The table below details the share capital status following the rights issue.
| Particulars | Present Issue (Up to 19,854,940 Equity Shares) | Issued, Subscribed and Paid-up Share Capital After the Issue |
|---|---|---|
| Aggregate Value at Face Value | 1,985,494,030 | 2,010,494,030 |
| Aggregate Value at Issue Price (₹101) | 2,005,348,940 | NA |
The Company's Board of Directors had resolved in its meeting on May 16, 2026, to issue the Rights Equity Shares at ₹101 per share, aggregating up to ₹2,050 million.
As stated in the Corrigendum, all other information and terms regarding the Right Issue remain unchanged.
RELTD Stock Price Movement
Ravindra Energy Limited shares rallied on Friday, settling at ₹136.00 after climbing 3.51% in the session. The stock saw considerable market activity, with a total traded volume of 384,974 shares recorded during the trading day.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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