Salem Erode Investments Capital Structure Change
ICL Fincorp and its PACs acquired 75,99,140 shares of Salem Erode Investments via a rights issue. The group's holding in diluted capital rose to 70.64%.
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ICL Fincorp and its PACs acquired 75,99,140 shares of Salem Erode Investments via a rights issue. The group's holding in diluted capital rose to 70.64%.
Promoter ICL Fincorp renounced its rights entitlement in favour of 22 specific investors. They applied for up to 54,00,000 shares under the Rights Issue.
Salem Erode Investments Ltd has fixed September 03, 2026, as the record date for its upcoming Rights Issue. The company has also announced the ISIN for rights entitlements.
Salem Erode Investments Limited approved a rights issue of 1.15 crore equity shares at ₹20 each, aggregating to ₹22.93 crore. The record date is September 3, 2026.