Ravindra Energy closes Rs 2,050 million rights issue
What's the deal? Ravindra EnergyDealroom has a profile for this one. Try Dealroom → closed its rights issue on June 24, 2026, raising up to Rs 2,050 million (about $21.7 million) through equity shares.
The Indian company priced shares at Rs 101 each, with a face value of Rs 10. Its board approved the issue on May 16, 2026.
Why now? The subscription window opened on June 16 and ran for just over a week, closing on June 24.
The company filed details on the record date and issue timeline with both BSEDealroom has a profile for this one. Try Dealroom → Limited and the National Stock Exchange of India on May 27, 2026.
The signal: The rights issue offered fully paid-up shares at Rs 101 each against a face value of Rs 10, signalling investor confidence in a company Dealroom classifies as mature. Tapping existing shareholders rather than outside backers lets Ravindra Energy raise capital while keeping its ownership base intact.
Read more: scanx.trade
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