APLAB Rights Issue Announced, Record Date Set For May 29
APLAB Limited is offering one new share at Rs.19 for every existing share held. Rs.5 is payable on application, with Rs.14 due later. Record date is May 29, 2025.
APLAB Limited is offering one new share at Rs.19 for every existing share held. |
Mumbai: APLAB Limited has announced a Rights Issue for its shareholders. This means the company will give its existing shareholders a chance to buy one new equity share for every one share they already own. The price of each new share will be Rs.19. This amount includes a face value of Rs.10 and a premium of Rs.9.
However, shareholders do not need to pay the full Rs.19 at once. They will have to pay Rs.5 per share at the time of application. The remaining Rs.14 per share will be paid later in one or more calls by the company.
To be eligible to get these rights shares, a shareholder must own APLAB shares on or before the record date, May 29, 2025. From this date onwards, the stock will trade on an Ex-Rights basis. This means new buyers after this date will not get the rights shares.
The announcement was made on May 26, 2025, through the stock exchange notice numbered 20250526-56. The trading segment is the Dematerialised Securities – Rolling Settlement Segment. The settlement number is DR-640/2025-2026.
This Rights Issue is a way for the company to raise more money by giving its current investors the first chance to buy more shares, at a price lower than the current market price.
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