Alan Scott Industriess Rights Issue 2023 FAQ's

Alan Scott Industriess Rights Issue 2023 price is set at ₹30 per Share. The Alan Scott Industriess Rights Issue 2023 opens on June 30, 2023, and closes on July 13, 2023, for the subscription.

The allotment of Alan Scott Industriess Rights Issue 2023 is expected to happen on or about July 20, 2023 as per the issue schedule.

Alan Scott Industriess Rights Issue 2023 expected to list on or around July 31, 2023.

The credit of Alan Scott Industriess Rights Issue 2023 in Demat account is expected on or about July 24, 2023 as per the issue schedule.

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

1. Repayment/ prepayment, in part or full, of certain borrowings,
2. Investment payment of consideration towards the acquisition of additional equity shares of one of the subsidiaries Alan Scott Retail Limited.
3. Investment payment of consideration towards the acquisition of additional equity shares of one of the subsidiaries Alan Scott Nanoveu India Limited, and
4. General Corporate Purposes.