Praxis Home Retail Limited Completes Rights Issue Dispatch, Sets Stage for ₹49.58 Crore Fundraise
Praxis Home Retail Limited (PRHL) has completed the dispatch of documents for its upcoming rights issue, aiming to raise up to ₹49.58 crore. The company is offering equity shares with a face value of ₹5.00 at ₹10.00 per share, in the ratio of 11:30 to existing shareholders. The issue opens on August 7, 2025, and closes on August 18, 2025, with a record date of March 20, 2025. Shareholders can access application forms through various online platforms if not received directly.
30Jul 25
Praxis Home Retail Announces Rights Issue Schedule for August 2025
Praxis Home Retail Limited has released the schedule for its upcoming rights issue. The issue will open on August 7, 2025, and close on August 18, 2025, with the last date for on-market renunciation set for August 12, 2025. The record date is March 20, 2025. The company will dispatch offer letters to eligible shareholders, and the board retains the right to extend the issue period up to 30 days from the opening date. Shareholders are advised to complete off-market renunciation before the closing date.
13Mar 25
Praxis Home Retail Unveils Rs 495.8 Crore Rights Issue at Rs 10 Per Share
Praxis Home Retail Limited (PHRL) has announced a rights issue to raise up to Rs 495.8 crore. The company will issue up to 4,95,80,000 equity shares at Rs 10 per share, with a rights entitlement ratio of 11:30. The record date is set for March 20, 2025. If fully subscribed, the issue will increase the company's paid-up capital by 36.7%. The funds are intended to strengthen PHRL's financial position and support growth initiatives.