₹125.00 Crores | Listing at BSE | Mon, Jan 9, 2023 - Tue, Jan 24, 2023
The timetable for Quint Digital Media Ltd Rights Issue is as follows:
| Last Date for credit of Rights Entitlements | |
| Last Date for renunciation of Rights Entitlements | Fri, Jan 13, 2023 |
| Issue Opening Date | Mon, Jan 9, 2023 |
| Issue Closing Date | Tue, Jan 24, 2023 |
| Date of Allotment (on or about) | Tue, Jan 31, 2023 |
| Date of Credit (on or about) | Wed, Feb 1, 2023 |
| Date of Listing (on or about) | Fri, Feb 3, 2023 |
Quint Digital Media Rights Issue 2022 listing date is 2023-02-03T00:00:00.000Z.
The Company proposes to utilize the Net Proceeds towards funding the following Objects:
1. Towards exercise of the call option under the Quintype SHA.
2. Payment of the remaining purchase price to Mr. Raghav Bahl for acquisition of 100% shares and securities of QML in accordance with the QML SPA.
3. Payment of the remaining purchase price to RB Diversified for acquisition of 100% shares and securities of QML in accordance with the QML SPA.
4. Payment of the remaining purchase price to Mr. Raghav Bahl for acquisition of 47.92% stake in Spunklane Media in accordance with the Spunklane SPA.
5. Pre- payment / repayment of loans; and 6. General Corporate Purposes.
It is difficult to predict the exact listing price of Quint Digital Media Ltd 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 Quint Digital Media Ltd which could help you with questions like whether to subscribe or not. Consider reading Quint Digital Media Ltd reviews and analysis from experts posted on the Rights Issue detail page.
