What is a rights issue?
A rights issue is a way for a company to raise capital by offering its existing shareholders the opportunity to purchase additional shares. These offerings provide shareholders with rights—securities that give them the option, but not the obligation, to buy new shares at a discounted price compared to the current market value, within a specified time frame. Companies, especially those in need of immediate funds, often use rights issues as a means to
secure financing.
Bannari Amman Spinning Mills quarterly results
The company reported its consolidated quarterly results for December 2024 in mid-late March 2025, showing a mixed performance with net sales declining by 20.92% to ₹213.11 crore, compared to ₹269.47 crore in December 2023. Bannari Amman Spinning Mills’s net profit rose significantly by 152.9%, reaching ₹1.06 crore, up from ₹1.99 crore in the same quarter last year. EBITDA came in at ₹20.41 crore, marking a decrease of 11.45% from ₹23.05 crore in December 2023.
Bannari Amman Spinning Mills share price performance
Bannari Amman Spinning Mills share price settled 2.3% higher in trade today, quoting at ₹36.60 apiece. The stock has corrected nearly 31% so far this year. The stock has, however, surged over 14% in the last one month.
