Silgo Retail to Raise ₹4,428.82 Lakhs via Rights Issue
Silgo Retail Limited announced a proposed Rights Issue of up to 73,81,359 partly paid-up equity shares of face value ₹10 each at a price of ₹60 per share (including a premium of ₹50 per share). The to...
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Why is Silgo Retail Limited in the news today?
Silgo Retail Limited (SILGO) is in the news due to the announcement pertains to a rights issue, which is a standard capital raising activity. while it provides an opportunity for existing shareholders to increase their stake, it does not inherently signal a significant positive or negative change in the company's immediate prospects without further financial context.
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Silgo Retail to Raise ₹4,428.82 Lakhs via Rights Issue
January 2, 2026, 02:06 PM
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Silgo Retail Limited announced a proposed Rights Issue of up to 73,81,359 partly paid-up equity shares of face value ₹10 each at a price of ₹60 per share (including a premium of ₹50 per share). The total issue size aggregates to ₹4,428.82 Lakhs, assuming full subscription and receipt of all call monies. The issue is being made on a rights basis to eligible equity shareholders in the ratio of 3 equity shares for every 10 fully paid-up equity shares held as of the record date, Monday, January 05, 2026.
The payment for the issue is structured with ₹30 payable on application (50% of the issue price) and the remaining ₹30 payable in one or more subsequent calls as determined by the Board. The Letter of Offer, Application Form, and Rights Entitlement Letter for the issue were dated January 02, 2026.
The issue is scheduled to open on Wednesday, January 14, 2026, and close on Wednesday, February 04, 2026. The last date for on-market renunciation is Friday, January 30, 2026. Allotment is expected by Thursday, February 05, 2026, with credit of shares on Friday, February 06, 2026, and listing on Monday, February 09, 2026.
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