A B Infrabuild Unveils Rights Issue at Just ₹37.50-A Golden Ticket for Shareholders

A B Infrabuild Limited has finally priced its forthcoming rights issue at ₹37.50 per rights equity share, the company announced today. The rights issue involves the company issuing a maximum of 1,06,46,489 equity shares aggregating to an aggregate issue size of approximately ₹39.92 crores. Existing shareholders are entitled to 1 rights equity share for every 5 fully paid-up equity shares held on the record date, March 10, 2025.

 

Rights issue subscription period started on April 7, 2025, and ended on April 25, 2025. Shareholders as on record date on or before March 7, 2025, are entitled to apply for the offer. ₹37.50 per share is to be paid on application. The rights entitlements can also be offered for sale on the stock exchanges from April 7 to April 15, 2025.

 

The net proceeds of the existing rights issue are to be used for financing part of the working capital requirements of the company, financing issue costs, and general corporate purposes. The new shares are to be allotted on May 2, 2025, and credited to shareholders' demat accounts on May 8, 2025. Listing of the new equity shares on the BSE and NSE is scheduled on May 14, 2025.

 

This action is viewed as a strategic step by A B Infrabuild to strengthen its capital base and fund current projects of infrastructure development in India.

 

Source: TradingView/Reuters