Gyscoal Alloys Rights Issue 2022 FAQ's

Gyscoal Alloys Rights Issue 2022 price is set at ₹3 per Share. The Gyscoal Alloys Rights Issue 2022 opens on Jan 2, 2023, and closes on Jan 12, 2023, for the subscription.

The allotment of Gyscoal Alloys Rights Issue 2022 is expected to happen on or about Jan 19, 2023 as per the issue schedule.

Gyscoal Alloys Rights Issue 2022 expected to list on or around Jan 27, 2023.

The credit of Gyscoal Alloys Rights Issue 2022 in Demat account is expected on or about Jan 25, 2023 as per the issue schedule.

The company proposes to utilize the Net Proceeds towards the following objects:

1. Payment towards full and final settlement of outstanding loan amount of Omkara Assets Reconstruction Private Limited ("Omkara");
2. Part repayment or pre-payment of unsecured loans availed by our Company from Sampati Securities Limited, one of the Promoter Group Company; and
3. General corporate purpose