Description
Deep Diamond India Ltd announces rights issue of 2 equity shares for every 1 share held at Rs. 4.16 per share with record date August 29, 2025.
Summary
Deep Diamond India Ltd (BSE Code: 539559) has announced a rights issue offering 2 equity shares of Re. 1/- each for every 1 existing equity share held. The issue price is Rs. 4.16 per share (face value Re. 1/- plus premium of Rs. 3.16). Trading will commence on ex-rights basis from August 29, 2025.
Key Points
- Rights ratio: 2 new shares for every 1 existing share held
- Issue price: Rs. 4.16 per equity share (Re. 1/- face value + Rs. 3.16 premium)
- Record date: August 29, 2025
- Ex-rights date: August 29, 2025
- Full payment required on application
- Settlement number: DR-704/2025-2026
Regulatory Changes
No regulatory changes announced in this circular.
Compliance Requirements
- Trading members must execute transactions on ex-rights basis from August 29, 2025
- Full issue amount of Rs. 4.16 per share payable on application
- All transactions in dematerialised securities under rolling settlement segment
Important Dates
- Record Date: August 29, 2025
- Ex-Rights Date: August 29, 2025
- Settlement: DR-704/2025-2026
Impact Assessment
This rights issue will significantly increase the share capital of Deep Diamond India Ltd, with existing shareholders entitled to subscribe to 2 additional shares for each share held. The attractive 2:1 ratio may appeal to existing shareholders, while the ex-rights adjustment will affect the stock’s trading price from the ex-date.
Impact Justification
Standard rights issue announcement with specific terms and dates for existing shareholders