Tilak Ventures rights issue to start from 28 February and will close on 15 March 2022. The record date is fixed for 18 February 2022. The Tilak Ventures rights issue entitlement ratio is 3:4 - 3 right shares for every 4 fully equity shares held on the record date.
Tilak Ventures Limited was originally incorporated in 1980 as "Tilak Finance Limited". The company name changed to Tilak Ventures Limited in 2015 as the company wanted to change the nature of the business to finance. They advance money to individuals, firms, or corporate bodies, and receive money on deposits, or loans to carry business as financiers. They are mainly doing business of financing, investment, and trading into shares, commodities, and bullion. They are doing 2 types of businesses Finance and Commodity Activities. Check out Tilak Ventures' rights issue details.
Objects of the Rights Issue:
- Meet working capital requirements.
- To meet issue-related expenses.
- General corporate purposes.
Tilak Ventures Rights Issue Date & Price Band
|Rights Issue Open:|| 28 February 2022
|Rights Issue Close:||15 March 2022|
|Rights Issue Size:||Approx ₹48.18 Crores|
|Rights Record Date:|| 18 February 2022
|Price Band:|| ₹5 Per Equity Share
|Listing on:|| BSE
|Entitlement Ratio:||3:4 (3 rights shares for every 4 shares)|
|Equity:||9.64 Crores Equity Share|
|Live Share Price:||Click Here|
Tilak Ventures Rights Issue Time Table
|Rights Record Date||18 February 2022|
|Deemed Date of Allotment||28 March 2022|
|Renunciation of Rights Entitlements|| 08 March 2022
Tilak Ventures Rights Issue Form & How to ApplyHow to apply the Tilak Ventures rights issue? You can check Tilak Ventures rights issue details on click here. You can apply Tilak Ventures rights issue via form download on NSE & BSE website where you can download blank forms & submit them to your bank or broker. You can apply online via ASBA or UPI via your Demat account details.
Tilak Ventures Financial Report
|₹ in Crores|
Tilak Ventures Rights Issue Allotment Status
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Check Tilak Ventures issue on Linkintime website allotment URL. Click Here
Tilak Ventures Rights Issue Lead Managers
- CapitalSquare Advisors Pvt. Ltd.
Tilak Ventures Limited
E-109, Crystal Plaza, New Link Road,
Opposite Infinity Mall, Andheri (West),
Mumbai – 400053
Tilak Ventures Rights Issue FAQs:
When is Tilak Ventures Rights Issue Record Date?
Tilak Ventures Rights Issue 2022 record date is 18 February 2022.
What is Tilak Ventures Rights Issue Price?
The company has fixed the price at ₹5 per equity share.
What is Tilak Ventures Rights Issue Ratio?
The company has fixed the ratio 3:4, 3 Rights Equity Share for every 4 Equity Shares. as on record date.
How to apply for Tilak Ventures Rights Issue 2022?
As per the record date you need to have Tilak Ventures shares in your Demat account. You can participate in Rights Issue after having the stock in your account.
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