Ravindra Energy Limited (REL) has announced a Rights Issue to raise up to ₹200.31 crore. The issue involves offering 1,98,32,834 equity shares of face value ₹10 each at a price of ₹101 per share, including a premium of ₹91 per share. This is in the ratio of 1 Rights Equity Share for every 9 fully paid-up Equity Shares held by eligible shareholders on the record date, which is scheduled for Monday, June 8, 2026. The company has submitted the Letter of Offer, dated June 3, 2026, to SEBI, BSE Limited, and the National Stock Exchange of India. This submission is in compliance with SEBI regulations. The information is also available on the company's website. The issue opening date is June 16, 2026, and the closing date is June 24, 2026. The finalization of the basis of allotment and the date of allotment are expected around June 25, 2026, with the credit of rights equity shares and their listing anticipated on July 1, 2026.
