The world's largest automobile switch maker Minda Industries (flagship Company of UNO MINDA Group) plan to launch it rights issue this month of August, it will open from August 25 and close on September 8, 2020. Company is offering a chance to existing shareholders to buy new share are discount price. It has covered the large market of switches, light and horn for the automaker and has strong present in the Indian market as well. The ratio of rights entitlement has been fixed one equity share for every 27 equity share held on record date. Minda Industries rights issue price is as ₹250 a share. The board of directors of company has approved rights issue one crore shares face value of Rs 2 each worth ₹250 crore. Checkout Minda Industries rights issue dates, share price, premium, issue size, ratio, allotment and listing details.
Minda Industries Rights Issue Review:
- Apply : Very attractive price, benefit for long term.
Minda Industries Rights Issue Premium:
- Premium as on today is ₹ 248 per equity share
Minda Industries Rights Issue Date & Price Band:
|Issue Open:||25 August 2020|
|Issue Close:||8 September 2020|
|Issue Size:||Approx ₹250 Crore (Approx)|
|Record Date||17 August 2020|
|Price Band:||₹250 Per Share|
|Listing on:||BSE / NSE|
|Ratio:||1:27 (1 rights shares for every 27 shares)|
Minda Industries Rights Issue Allotment & Listing:
|Finalization of Basis of Allotment:||16 September 2020|
|Date of Allotment (ON OR ABOUT)||17 September 2020|
|Credit to Demat Account:||September 2020|
|Listing Date:||September 2020|
Minda Industries Rights Issue Form & How to Apply:How to apply the Minda Industries Ltd rights issue? You can apply Minda Industries rights issue on official website available. The other option you can apply Minda Industries (UNO MINDA) rights issue via forms download on NSE Forms & BSE Forms blank forms download, fill and submit in your bank or with your broker.
Quick Links:Minda Industries Letter of Offer
Approval from BSE & NSE
Minda Industries Rights Issue Allotment Status:Check Minda Industries rights issue on Link Intime India Pvt Ltd website allotment URL. Click Here
Minda Industries Rights Issue Lead Managers:
- Axis Capital Limited
- Equirus Capital Private Limited
MINDA INDUSTRIES LIMITED
Registered office - B-64/1, Wazirpur Industrial Area, Delhi 110 052, India.
Corporate office - Village - Nawada, Fatehpur P.O. - Sikanderpur Badda, IMT Manesar, District-Gurugram 122 004, Haryana, India.
Telephone: +91 124 2290 693; Fax: +91 124 2290 676;