At meeting held on 18 September 2026
The board of Rossell Techsys at its meeting held on 18 September 2026 has approved issuance of 25,72,898 fully paid-up equity shares of face value of Rs 2 each at an issue price of Rs 1,166 per equity share (including a premium of Rs 1,164 per equity share), for cash consideration aggregating to Rs 299.99 crore by way of preferential issue on a private placement basis to SBI Mutual Fund & SBI Optimal Equity Fund as detailed below:
Proposed Allottee
Category
Shares Allotted
% shareholding
Cash consideration (Rs cr) SBI Mutual Fund
Non Promoter QIB
2315609
5.75%
270.00 SBI Optimal Equity Fund
Non Promoter QIB
257289
0.64%
29.99
Total
2572898
6.39%
299.99
Disclaimer: No Business Standard Journalist was involved in creation of this content
First Published: Sep 18 2026 | 4:04 PM IST
