MAX India Announces Rights Issue, Record Date Set For April 29
MAX India Limited has announced a rights issue, offering 19 equity shares for every 100 shares held, at a price of Rs. 150 each. The record date is set for April 29, 2025.
Rights Issue of Equity Shares by MAX India | File Image |
Mumbai: MAX India Limited has fixed the record date for its rights issue of equity shares. The company will issue 19 equity shares for every 100 equity shares held, priced at Rs. 150 per share (Rs. 10 face value and Rs. 140 premium). The record date for determining eligible shareholders is April 29, 2025.
Ex-Rights Basis and Settlement
Trading in MAX India shares will be done on an ex-rights basis from April 29, 2025. The settlement number for this issue is DR-619/2025-2026, as per the rolling settlement segment.
Application Details
The total issue price of Rs. 150 per share must be paid during the application process. Shareholders holding shares before the record date are eligible to apply for these rights, contributing to the company’s capital raising efforts.
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