Ratnaveer Precision Engineering’s INR 329.99 Crore Rights Issue Subscribed 1.11x; Allotment on September 10, Listing on September 15 — CCL Plant Progresses as Global Prices Surge
Ratnaveer Precision Engineering has successfully closed its INR 329.99 crore rights issue with a 1.11x subscription rate. The funds will support the company's strategic expansion into the Copper Clad Laminate (CCL) market in Vadodara, with production expected to begin in November 2026.
Why it matters
This expansion marks a significant shift for the company into the electronics materials value chain, capitalizing on high global CCL prices and India's import-dependent market.
Ratnaveer Precision Engineering Limited today announced that its INR 329.99 crore Rights Issue has closed with an overall subscription of 1.11x, reflecting [strong/steady] participation from eligible shareholders and Rights Entitlement (RE) holders.
The Rights Issue comprised 1,24,99,669 fully paid-up equity shares at INR 264 per share, in the ratio of 7 Rights Equity Shares for every 40 shares held as on the Record Date of August 26, 2026. Basis of allotment will be finalized on September 10, 2026, with shares credited to demat accounts and listing on the NSE and BSE on September 15, 2026. MUFG Intime India Private Limited is the Registrar to the Issue.
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