Coastal Corporation Rights Issue 2022 FAQ's

Coastal Corporation Rights Issue 2022 price is set at ₹225 per Share. The Coastal Corporation Rights Issue 2022 opens on Sep 12, 2022, and closes on Sep 27, 2022, for the subscription.

The allotment of Coastal Corporation Rights Issue 2022 is expected to happen on or about Oct 6, 2022 as per the issue schedule.

Coastal Corporation Rights Issue 2022 expected to list on or around Oct 14, 2022.

The credit of Coastal Corporation Rights Issue 2022 in Demat account is expected on or about Oct 11, 2022 as per the issue schedule.

The company intend to utilize the issue proceeds for the following objects:

1. Investment in our wholly owned Subsidiary, Coastal Biotech Private Limited ("CBPL") for part -financing its capital expenditure requirements in relation to the setting up of a manufacturing facility to manufacture 198 KLPD of Ethanol

2. Investment in our wholly owned Subsidiary, Continental Fisheries India Limited ("CFIL") for part -financing its capital expenditure requirements in relation to the setting up shrimp processing unit with installed capacity of 2,500 Kilograms Per Hour and 1,100MT Frozen Storage.

3. To meet the Issue Expenses.

4. General Corporate Purposes