Minda Industries Rights Issue FAQ's

₹242.79 Crores | Listing at BSE, NSE | Tue, Aug 25, 2020 - Tue, Sep 8, 2020

Minda Industries Limited Rights Issue Date 2026 & Price FAQs

The timetable for Minda Industries Limited Rights Issue is as follows:

Last Date for credit of Rights Entitlements
Last Date for renunciation of Rights Entitlements
Issue Opening DateTue, Aug 25, 2020
Issue Closing DateTue, Sep 8, 2020
Date of Allotment (on or about)Thu, Sep 17, 2020
Date of Credit (on or about)Fri, Sep 18, 2020
Date of Listing (on or about)Tue, Sep 22, 2020

Minda Industries Rights Issue price is set at ₹250 per share. The Minda Industries Rights Issue opens on Tue, Aug 25, 2020, and closes on Tue, Sep 8, 2020, for the subscription.

The allotment of Minda Industries Rights Issue is expected to happen on or about September 17, 2020 as per the issue schedule.

Minda Industries Rights Issue is expected to list on or around September 22, 2020.

The credit of Minda Industries Rights Issue in Demat account is expected on or about September 18, 2020 as per the issue schedule.

Objects of the Issue:

The Company intends to utilize the Net Proceeds from the Issue towards the following objects: (a) Repayment/ prepayment of all or of a portion of the principal/ interest of certain borrowings availed by the Company; (b) Investment in Company's Joint Venture - Toyoda Gosei Minda India Private Limited; (c) General corporate purposes.

It is difficult to predict the exact listing price of Minda Industries 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 Minda Industries Limited which could help you with questions like whether to subscribe or not. Consider reading Minda Industries Limited reviews and analysis from experts posted on the Rights Issue detail page.