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
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Size of the issue
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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
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Issue price
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Rs.50 per share (Rs.40 per share towards premium)
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Record date
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22nd February 2023
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Book Closure date
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22nd February 2023 - 24th February 2023 (both days inclusive)
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Right issue opening date
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01st March 2023
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Right issue closing date
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30th March 2023
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Newspaper ads
Manorama Online - dated 15-02-2023
Financial Express - dated 15-02-2023