Hindware Home Innovation Limited — QIP/Rights/Pref., 28-11-2024: Allotment of Securities

Hindware Home Innovation Limited has announced a board meeting for the allotment of 1,13,49,962 fully paid-up equity shares at an issue price of ₹220 per share as part of its Rights Issue. This issuance will raise approximately ₹249.7 crore. The equity shares, with a face value of ₹2 each, will increase the paid-up share capital from ₹14,45,92,790 to ₹16,72,92,714. The shares allotted will rank equally with existing shares, ensuring no dilution of value for existing shareholders.