Gujarat Cotex Finalizes Rs 42.73 Cr Rights Issue Terms

Gujarat Cotex Limited's Board approved key terms for rights issue of 8,54,64,000 fully paid-up equity shares of Rs 5 face value at par (Rs 5 per share), aggregating Rs 42.73 crore.

Rights Entitlement and Timeline

Shareholders receive 6 rights shares for every 1 held as of record date April 1, 2026. Issue opens April 10, closes May 8, 2026; market renunciation deadline May 5.

Shares of GUJARAT COTEX LTD. was last trading in BSE at Rs. 8.23 as compared to the previous close of Rs. 8.57. The total number of shares traded during the day was 175642 in over 285 trades.

The stock hit an intraday high of Rs. 8.78 and intraday low of 8.00. The net turnover during the day was Rs. 1451584.00.

Source : Equity Bulls

Keywords

GUJARATCOTEX INE004C01028 FundRaising RightsIssue