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Minda Industries Rights Issue FAQ's

Minda Industries Rights Issue Detail
Issue Open Aug 25, 2020
Issue Close Sep 8, 2020
Issue Size (Shares) 0.97 Crores
Issue Size (Amount) ₹242.79 Crores
Issue Price ₹250 per Share
Listing At BSE, NSE

Minda Industries Rights Issue Date & Price FAQs

Minda Industries Rights Issue Timetable

Last Date for credit of Rights Entitlements
Last Date for renunciation of Rights Entitlements
Issue Opening DateAug 25, 2020
Issue Closing DateSep 8, 2020
Allotment DateSep 17, 2020
Shares Credit DateSep 18, 2020
Listing DateSep 22, 2020

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

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

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

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

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 say at what price Minda Industries Rights Issue shares will list. The price depends on the demand and supply of company's shares on the day of listing.

Sorry, we do not provide rights issue's recommendations. But we share a lot of information about Minda Industries Rights Issue which could help you with questions like Minda Industries Rights Issue buy or not? Consider reading Minda Industries Rights Issue reviews and analysis from experts posted on rights issue detail page.