Would you know how successful the promoters have been in privately placing their 15+ crore of rights entitlements? Are the promoters confident of selling all their entitlements to private parties?
so far 3.2 Cr REs have been traded on exchanges, the stock price & volumes indicate that promoter is struggling to offload the qty. While current valuation is tempting, risk is in case Right issue gets cancelled. See the data below :
| Date | NSE Volume | NSE Closing Price (₹) | BSE Volume | Total Volume |
|---|---|---|---|---|
| 22-Jun-2026 | 1104183 | 8.60 | 105858 | 1210041 |
| 23-Jun-2026 | 2629840 | 5.21 | 92993 | 2722833 |
| 24-Jun-2026 | 4343706 | 3.50 | 183867 | 4527573 |
| 25-Jun-2026 | 2353779 | 3.03 | 230049 | 2583828 |
| 29-Jun-2026 | 4710928 | 2.77 | 350884 | 5061812 |
| 30-Jun-2026 | 5343344 | 2.50 | 295306 | 5638650 |
| 01-Jul-2026 | 3283795 | 2.51 | 520962 | 3804757 |
| 02-Jul-2026 | 2448361 | 2.49 | 261454 | 2709815 |
| 03-Jul-2026 | 3203105 | 2.45 | 334256 | 3537361 |
| 29421041 | 2375629 | 31796670 |
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Current volumes & price are made up. See the volumes pre-announcement of Rights (they were around 50K / per day. Post rights, volumes shall come tehre, how 16Cr shares of rights shall go ?
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