Jyoti Structures Limited announced the outcome of its Rights Issue Committee meeting held on 18 Mar 25, finalizing the allotment of shares from its rights issue. Key details include:
- Allotment of 28,73,08,884 fully paid-up equity shares at a price of ₹16 per share (face value ₹2, premium ₹14).
- The rights issue aimed to raise up to ₹499.09 crores (₹49,908.79 lakhs).
- This follows the initial approval for fundraising through a rights issue on 22 Nov 24 and the approval of the Letter of Offer on 11 Feb 25.
- The record date for the rights issue was 10 Feb 25.
- Following the allotment, the company's paid-up equity capital has increased from ₹1,802.26 crores (₹1,80,22,61,840) to ₹2,376.88 crores (₹237,68,79,608).
- The Rights Issue Committee meeting took place on 18 Mar 25, from 3:35 PM to 3:45 PM.