“This is further to our intimation on the outcome of the meeting of the Board of Directors of the Company (“Board”) dated November 4, 2025, wherein the issuance of partly paidup equity shares of face value of Rs 1 each of the Company (“Rights Equity Shares”) for an amount not exceeding Rs 25,000.00 crores by way of a rights issue (“Rights Issue”),” the company said in an exchange filing.
In a regulatory filing, the company informed that the Board of Directors has approved the issuance of partly-paid equity shares of face value Rs 1 each, aggregating up to Rs 25,000 crore, by way of a rights issue. The terms were approved by the Rights Issue Committee following a board meeting held on the same date.
According to the company’s disclosure, investors will be required to pay a total of Rs 1,800 per rights equity share, to be paid in three tranches:
- Rs 900 per share (Rs 0.50 face value + Rs 899.50 premium) at the time of application
- Rs 450 per share (Rs 0.25 face value + Rs 449.75 premium) during the first call, scheduled between January 12, 2026, to January 27, 2026
- Rs 450 per share (Rs 0.25 face value + Rs 449.75 premium) during the second and final call, expected between March 2, 2026, to March 16, 2026
Here is a timeline of the issue, as stated by the company:
- Last date for credit of Rights Entitlements: November 18, 2025
- Issue Opening Date: November 25, 2025
- Last Date for Market Renunciation of Rights Entitlements: December 5, 2025
- Issue Closing Date: December 10, 2025
Eligible shareholders must ensure that any renunciation of rights through off-market transfers is completed in such a manner that the Rights Entitlements are credited to the demat account of the renouncees on or before the Issue Closing Date.
The company also informed that the board retains the right to extend the issue period by up to 30 days from the opening date if needed.The structured payment plan is designed to ease the initial outflow for investors while allowing the company to raise capital in a staggered manner. The board has also reserved the right to alter the schedule of payments based on business needs or other commercial considerations.Also read: Tata Motors Commercial Vehicles shares debut at 28% premium. Should investors stay on board?
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