Notification for issuing Right Share to Eligible shareholders

The Board of Directors of CIAL in their 135th Meeting held on 14th February 2023 resolved to approve the proposal to issue 9,56,43,687 equity shares at Rs. 50 per equity share (including a premium of Rs. 40 per share) aggregating to Rs. 478,21,8,350 to the existing shareholders of CIAL in the ratio of 1:4. The eligible shareholders can apply for the right shares by logging on to the Right Issue portal of CIAL website .

 For the information of the existing shareholders of CIAL only

Size of the issue


9,56,43,687 equity shares of Rs.10 each at a premium of Rs.40 per share as Right Shares to the existing shareholders of CIAL

Issue price


Rs.50 per share (Rs.40 per share towards premium)

Record date


22nd February 2023

Book Closure date


22nd February 2023 - 24th February 2023 (both days inclusive)

Right issue opening date


01st March 2023

Right issue closing date


30th March 2023

Newspaper ads

Manorama Online - dated 15-02-2023

Financial Express - dated 15-02-2023