Avantel Limited — QIP/Rights/Pref., 01-05-2025: Rights Issue

Avantel is raising up to ₹80.9 Cr via a rights issue of 2.02 Cr shares at ₹40 each, with an entitlement of 10 shares for every 121 held. The record date is May 7, 2025. If fully subscribed, equity share capital will rise from 24.47 Cr to 26.49 Cr shares. Existing shareholders can avoid dilution by subscribing, providing a chance to boost their holding. The funds will be used to strengthen the company’s capital base, potentially supporting growth or debt reduction.