Rights issue 2024: This small-cap company announces price, date and other details

Rights Issue 2024: Small-cap company  Sukum Exports Limited announced its rights issue will open on April 25, 2024. According to the information available, the rights issue will remain open till May 13 2024. It is to be noted that the company had earlier fixed April 15, 2024, as the record date. Those investors with company shares before this date would be eligible for the company's offer.

Entitlement Ratio

The entitlement ratio of the rights issue has been 33:98. This means 33 company shares for every 98 shares held on the Sakuma Exports rights issue record date. Also, the company has announced the rights issue price at Rs 25.30 per equity share.

The tentative listing date is May 24, 2024.

Meanwhile, the company has informed exchanges that it has entered into a contract amounting to approximately Rs 150 Crores for the supply of sugar to the North East, West Bengal, and Bihar regions.

"Furthermore, we are actively pursuing similar opportunities in northern India, aiming to expand our operations and capitalize on growing demand in the region. This initiative underscores our commitment to meeting the rising demand for sugar," the company said in an exchange filing.