Tamilnad Merca Bank Ltd Rights Issue
Tamilnad Merca Bank Ltd has not split the face value of the share since 29 Aug, 2023
Last updated on 11 Oct, 2026 | 02:24 IST
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FAQs
Who is eligible to apply for Tamilnad Mercantile Bank rights issue?
Existing shareholders of Tamilnad Mercantile Bank as of the record date are eligible to participate in a rights issue allowing them to purchase additional shares often at a discount.
How can existing shareholders apply for Tamilnad Mercantile Bank rights issue?
Shareholders can apply for Tamilnad Mercantile Bank rights issue by following the company instructions, typically by submitting an application form and making the payment within the specified period.
Is the rights issue of Tamilnad Mercantile Bank mandatory for existing shareholders?
No! Participation in Tamilnad Mercantile Bank rights issue is not mandatory, but voluntary. However, shareholders can choose to exercise their rights, sell them, or let them expire.
Has Tamilnad Mercantile Bank announced any rights issues in the past?
No, Tamilnad Mercantile Bank hasn’t had any right issues as of {{current_date}} in last 2023-2025
What was the last rights issue price and ratio for Tamilnad Mercantile Bank?
No, Tamilnad Mercantile Bank hasn’t had any right issues as of {{current_date}} in last 2023-2025