Unlocking Value: EXICOM Tele-Systems Rolls Out Rights Issue Bonanza for Loyal Shareholders

In a significant move aimed at bolstering its capital base, EXICOM Tele-Systems Ltd has announced the launch of its much-anticipated rights issue, setting the issue price at ₹143 per share. The company has fixed the entitlement ratio at 3 rights shares for every 20 shares held as of the record date, offering existing shareholders an attractive opportunity to increase their stake at a discounted price.

 

Key Highlights:

 

Issue Price: The rights shares will be offered at ₹143 each, presenting a potential value proposition for existing shareholders.

 

Entitlement Ratio: Shareholders will be eligible to subscribe to 3 rights shares for every 20 shares held as on the record date.

 

Record Date: Monday, July 07, 2025, has been set as the cut-off for determining eligible shareholders for the rights entitlement.

 

Issue Schedule:

Opening Date: Tuesday, July 15, 2025

Last Date for On-Market Renunciation: Friday, July 25, 2025

Last Date for Off-Market Renunciation of Rights Entitlement: Tuesday, July 29, 2025

Issue Closing Date: Wednesday, July 30, 2025

 

Flexibility: The Rights Issue Committee retains the right to extend the issue period if necessary, though the issue will not remain open for more than 30 days from the opening date.

 

No Withdrawal: Applicants will not be allowed to withdraw their applications after the issue closes.

 

This rights issue is expected to strengthen EXICOM Tele-Systems' financial position and support its future growth plans. Shareholders are advised to mark their calendars and make informed decisions regarding their participation, as the window for renunciation and application is limited.

 

Source:

Company Announcement, EXICOM Tele-Systems Ltd.