Asian Granito fixes rights issue price at Rs 100
6th Sep 2021

Asian Granito India (AGIL) has fixed the price for its upcoming rights issue at Rs 100 per share, at about 40 per cent discount to the closing price of Rs 166 as on September 3, 2021.

Asian Granito will issue 2,24,64,188 fully paid-up equity shares of face value of Rs 10 each for cash at a price of Rs 100 per equity share aggregating to Rs 224.65 crore on a rights basis.

Asian Granito India is one of the top four Indian ceramic Companies engaged in the business of manufacturing, and trading of Ceramic Wall, Floor, Vitrified Tiles, Marble & Quartz Headquartered in Gujarat.