TIL Limited Proposes Rights Issue of ₹1995 Crore at ₹165/Share
TIL Limited announced a Rights Issue of up to 12,091,760 equity shares at ₹165 per share, aiming to raise approximately ₹1995 crore. The issue ratio is 11 shares for every 64 held. The record date is March 23, 2026. The issue opens on March 30, 2026, and closes on April 8, 2026.
A rights issue of this size can impact the company's capital structure, dilution for existing shareholders, and provide funds for growth or debt reduction. The market reaction will determine the ultimate impact.
The announcement is a factual disclosure about a proposed rights issue, detailing the terms and timeline. It does not contain information that inherently suggests a positive or negative financial outcome beyond the facts presented.
TIL Limited has announced a proposed Rights Issue of up to 12,091,760 partly paid-up Equity Shares, each with a face value of ₹10, at an issue price of ₹165 per share. This offering aggregates to ₹19,951.40 lakhs (approximately ₹1995 crore). The issue will be conducted on a rights basis to eligible shareholders in the ratio of 11 Rights Equity Shares for every 64 Fully Paid-up Equity Shares held as of the record date, which is Monday, March 23, 2026.
The Rights Issue Committee of the Board of Directors approved the Final Letter of Offer on Friday, March 20, 2026. The company submitted the Letter of Offer to SEBI, BSE Limited, and National Stock Exchange of India on March 20, 2026.
The payment for the Rights Equity Shares is structured with ₹123.75 payable on application (75% of the issue price) and the remaining ₹41.25 (25% of the issue price) payable in one or more subsequent calls as decided by the Board or Rights Issue Committee. The issue is expected to open on Monday, March 30, 2026, and close on Wednesday, April 8, 2026. Listing of the Rights Equity Shares is anticipated on or about Monday, April 13, 2026.
What to do with a filing like this
TIL Limited filed this with the NSE as a statutory disclosure, categorised under rights issue. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by TIL Limited. Read the original for the full detail.