Fundraise / allotmentNotableFiled on BSE ·

Emerald Leisures Ltd files Draft Letter of Offer for proposed Rights Issue

Emerald Leisures · Leisure Services

Arthneeti Research DeskPublished 1 min read
90%Fundraise / allotment

Key highlights

  • Rights Issue with minimum 90% subscription required as per SEBI ICDR Regulations
  • Promoters Jaydeep Vinod Mehta and Nikhil Vinod Mehta intend to subscribe fully/partly; others may renounce
  • Company declares compliance with Companies Act 2013, SEBI regulations, and lists undertakings for Issue completion

Why it's rated notable: the amount is 33% of market value (20% to 50%)

Original filing

Board Meeting Outcome for Rights Issue Committee Meeting - Draft Letter Of Offer In Connection With The Proposed Rights Issue Of Equity Shares

Read the filing on BSE (PDF) →

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Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.