Before the company’s board of directors approves the fundraising ₹Rs 350 crore through rights issues.
“This further convened the company’s board meeting (the “Board of Directors”) held on January 27, 2025, and approved the company’s equity issuance (the “rights equity shares”) with an amount not exceeding the amount ₹The application was read 350 crore.
The record date for the issuance of rights is set as March 1, 2025. The offer will be open on Monday, March 10, 2025 and will be closed on Wednesday, March 19, 2025.
The rights issue is a way for companies to raise funds by providing existing shareholders with the right to purchase additional shares at a discount and proportional to their existing shares. This allows companies to raise funds without having to issue shares to the public or assume debt.
Let’s take a look at 10 key things about the problem
Release size: The company will offer 13,25,22,289 equity shares.
Issuance amount: This will be the summation amount ₹3.4986 million
Issuance price: The price of rights issue is set to ₹Each right is equitable 26.4, which includes ₹20.40 premium.
Record date: The record date for rights issues is set to March 1, 2025.
issue date: Quotation will be open on Monday, March 10, 2025 and will be closed on Wednesday, March 19, 2025.
Rights ratio: Rights equity shares are provided in accordance with the rights of eligible shareholders, with a ratio of every 4 (four) equity shares held on the record date.
Company Stocks: Prior to the issuance of rights, the company owned 53,00,89,156 outstanding shares. If you have full subscription, this will increase to 66,26,11,445 shares.
About the company: Welspun specialized solutions generate various alloy steel grades through electric arc furnaces (EAF) and steel packaging furnaces (LRF) VD pathways with a heat of 35 tons. Stainless steel is produced through EAF/EF, LRF, VD and AOD/VOD routing. The product is cast through continuous castings and coin carriage routes.
Stock Performance: Welspun Professional shares accounted for more than 4% of Sensex’s growth in growth of 2% over the past year. Additionally, after a 9% drop in January, small stocks fell nearly 4% in February.
Financial performance: Welspun Professional Solutions Report Net Loss ₹3.6 million in December 2024 quarter ₹610 million losses were recorded in the same period last year. Meanwhile, net sales increased, up 11.04% to ₹December 1924, 194.05 million, compared to ₹December 2023 17.475 billion.
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