The Board of Directors of HealthCare Global Enterprises Limited approved the terms for a Rights Issue of equity shares, aiming to raise up to ₹4,246.82 Lakhs (or ₹424.68 Crore). The issue price is set at ₹512 per share, with a face value of ₹10. Eligible shareholders will receive a 1:17 entitlement ratio. Key dates have been announced, culminating in the listing of new shares on April 1, 2026.
Approval of Rights Issue Terms
Following up on a previous meeting, the Board of HealthCare Global Enterprises Limited, at its meeting held on February 24, 2026, approved the specifics for a Rights Issue of equity shares. This issuance is aimed at raising capital not exceeding ₹42,500.00 Lakhs, executed in compliance with the Companies Act, 2013, and relevant SEBI regulations.
Key Financial and Instrument Details
The Board finalized the following essential terms for the proposed capital raise:
- Instrument: Fully paid-up equity shares with a face value of ₹10 each.
- Issue Size: A total of 82,94,566 Rights Equity Shares are being offered, aggregating up to ₹42,468.18 Lakhs, assuming full subscription.
- Issue Price: The price per Rights Equity Share is set at ₹512, which includes a premium of ₹502 over the face value.
- Entitlement Ratio: Eligible Equity Shareholders will receive 1 (One) Rights Equity Share for every 17 (Seventeen) fully paid-up shares held as of the Record Date.
Rights Entitlement and Renunciation Process
Shareholders recorded by the Record Date (Monday, March 02, 2026) will be deemed ‘eligible equity shareholders’ and credited with Rights Entitlements (REs) under ISIN: INE075120017. RE holders have the option to apply for the Rights Issue or renounce the REs either through the secondary market (On Market Renunciation) or via an off-market transfer before the Issue Closing Date.
Rights Issue Timetable
The Board has established the following indicative timeline for the Rights Issue process:
- Last Date for Credit of REs: Wednesday, March 4, 2026
- Issue Opening Date: Wednesday, March 11, 2026
- Last Date for On-Market Renunciation: Friday, March 20, 2026
- Issue Closing Date: Wednesday, March 25, 2026
- Date of Allotment: Friday, March 27, 2026
- Date of Listing of Rights Equity Shares: Wednesday, April 1, 2026
Equity Structure Post-Issue
Prior to the Rights Issue, the Company had 141,007,637 Equity Shares outstanding. Assuming full subscription to the current offering, the total outstanding equity shares of the Company will increase to 149,302,203.
Board Action and Documentation
The Board also sanctioned the filing of the requisite Letter of Offer with the Securities and Exchange Board of India, BSE Limited, and the National Stock Exchange of India Limited for necessary approval.
Source: BSE
