Mishtann Foods Rights Issue: Check issue price, size, ratio and other details

Mishtann Foods Rights Issue: FMCG company Mishtann Foods Ltd has announced the terms for its previously approved rights issue. The company fixed the price of the rights issue, which is now open. Below are the other details like issue price, size and ratio. 

Mishtann Foods Rights Issue: Record Date

The board of directors of the company has fixed a record date for the Mishtann Foods rights issue as March 20, 2024. So, those who held Mishtann Foods shares on March 20 are eligible to participate in this right offer.

Mishtann Foods Rights Issue: Date

The issue which opened on April 2, 2024 will remain open till April 16, 2024.

Mishtann Foods Rights Issue: Price

The board of directors of Mishtann Foods has fixed the rights issue price at Rs 15 per share.

Mishtann Foods Rights Issue: Entitlement Ratio

As per the information shared by the company, an eligible shareholder will be entitled to get one right issue for every 31 Mishtann Foods shares held on the Mishtann Foods rights issue record date.

Mishtann Foods Rights Issue: Size

The company aims to issue rights not exceeding Rs 49.82 crore.

Earlier, Morgan Stanley added a stake via an open market purchase. For the quarter ended 31 December 2023, the shareholding reflects a 2.19 per cent stake being held by Nomura Singapore Ltd. ODI.

Incorporated in 1981, Mishtann Foods Ltd. (MFL) is engaged in and processing of rice, wheat and other commodities. The company specializes in the processing and packaging of fast-moving consumer goods including Basmati rice and wheat as well as the marketing and selling of pulses and salt.