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| Issue Open | Sep 20, 2021 |
| Issue Close | Oct 4, 2021 |
| Issue Size (Shares) | 3.33 Crores |
| Issue Size (Amount) | ₹100.00 Crores |
| Issue Price | ₹30 per Share |
| Listing At | BSE, NSE |
Bannari Amman Spinning Mills Rights Issue Timetable
| Last Date for credit of Rights Entitlements | Sep 17, 2021 |
| Last Date for renunciation of Rights Entitlements | Sep 28, 2021 |
| Issue Opening Date | Sep 20, 2021 |
| Issue Closing Date | Oct 4, 2021 |
| Allotment Date | Oct 11, 2021 |
| Shares Credit Date | Oct 13, 2021 |
| Listing Date | Oct 14, 2021 |
Bannari Amman Spinning Mills Rights Issue price is set at ₹30 per Share. The Bannari Amman Spinning Mills Rights Issue opens on Sep 20, 2021, and closes on Oct 4, 2021, for the subscription.
The allotment of Bannari Amman Spinning Mills Rights Issue is expected to happen on or about Oct 11, 2021 as per the issue schedule.
Bannari Amman Spinning Mills Rights Issue listing date is Oct 14, 2021.
The credit of Bannari Amman Spinning Mills Rights Issue in Demat account is expected on or about Oct 13, 2021 as per the issue schedule.
The Proceeds from the Issue will be utilized towards funding of the following objects: 1. Part repayment or prepayment of Inter-Corporate Deposits availed by the company from Murugan Enterprise Private Limited, one of the Promoters; and. 2. Part repayment/ Pre-payment of certain secured loans availed from lenders.
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