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 January 2, 2023, and closes on January 12, 2023, for the subscription.

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

Gyscoal Alloys Rights Issue 2022 listing date is January 27, 2023.

The credit of Gyscoal Alloys Rights Issue 2022 in Demat account is expected on or about January 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