Asit C. Mehta Rights Issue 2023 FAQ's

₹49.88 Crores | Listing at BSE | Fri, Dec 22, 2023 - Thu, Jan 4, 2024

Asit C. Mehta Financial Services Limited Rights Issue Date 2026 & Price FAQs

The timetable for Asit C. Mehta Financial Services Limited Rights Issue is as follows:

Last Date for credit of Rights EntitlementsWed, Dec 20, 2023
Last Date for renunciation of Rights EntitlementsMon, Jan 1, 2024
Issue Opening DateFri, Dec 22, 2023
Issue Closing DateThu, Jan 4, 2024
Date of Allotment (on or about)Wed, Jan 10, 2024
Date of Credit (on or about)Fri, Dec 15, 2023
Date of Listing (on or about)Sun, Dec 17, 2023

Asit C. Mehta Rights Issue 2023 price is set at ₹137.4 per share. The Asit C. Mehta Rights Issue 2023 opens on Fri, Dec 22, 2023, and closes on Thu, Jan 4, 2024, for the subscription.

The allotment of Asit C. Mehta Rights Issue 2023 is expected to happen on or about January 10, 2024 as per the issue schedule.

Asit C. Mehta Rights Issue 2023 listing date is 2024-01-16T00:00:00.000Z.

The credit of Asit C. Mehta Rights Issue 2023 in Demat account is expected on or about December 15, 2023 as per the issue schedule.

Objects of the Issue:

The company proposes to utilize the Net Proceeds towards funding the following Objects:

  1. Conversion of loan of Cliqtrade Stock Brokers Private Limited.
  2. Repayment of outstanding loans of existing promoters Mrs. Deena Mehta and Mr. Asit Mehta.
  3. Repayment of Inter-corporate loans (Phase Holdings Private Limited, Midland Leisure and Entertainments Private Limited and Natural Hut Private Limited).
  4. Acquisition of shares of Omniscience Capital Advisors Private Limited.
  5. Acquisition of 2,48,350 Equity Shares of ACMIIL from Mr. Kirit Vora 6. General corporate expenses.

It is difficult to predict the exact listing price of Asit C. Mehta Financial Services Limited Rights Issue shares. The price depends on the demand and supply of the company's shares on the day of listing.

We do not provide Rights Issue recommendations. However, we share a lot of information about Asit C. Mehta Financial Services Limited which could help you with questions like whether to subscribe or not. Consider reading Asit C. Mehta Financial Services Limited reviews and analysis from experts posted on the Rights Issue detail page.