loader2
Login Open ICICI 3-in-1 Account
  • Text Size
  • Text to Speech
  • Color Contrast
  • Pause Animations

Open ICICI
3-in-1 Account

Manage your Savings, Demat and Trading Account conveniently at one place

+91

BLOG

Ratnaveer Precision has approved a Rights Issue aggregating up to Rs 330 crore

ICICIdirect Research 12 Jun 2026 DISCLAIMER

News: Ratnaveer Precision Engineering Ltd. has approved a Rights Issue aggregating up to ₹330 crore through the issuance of fully paid-up equity shares to existing shareholders. The issue price, rights entitlement ratio, record date and number of shares to be issued will be finalised by the Rights Issue Committee in due course. The entire issue amount will be payable at the time of application.

View: The proposed ₹330 crore rights issue appears strategically aligned with Ratnaveer's diversification into the Copper Clad Laminates (CCL) business, a key component in the electronics and PCB manufacturing value chain. The recently approved ₹338 crore CCL project under the ECMS scheme, with a planned capacity of ~1.6 million FR-4 grade CCL sheets annually, positions the company to benefit from India's growing electronics manufacturing ecosystem and import substitution opportunity. While the rights issue may lead to near-term equity dilution, successful execution of the CCL expansion could open a new growth avenue and diversify Ratnaveer's revenue profile over the medium term.

Impact: Positive

Download ICICI Direct app

Invest, Track, and Manage your Portfolio Anytime, Anywhere

Download ICICI Direct app

Invest, Track, and Manage your Portfolio Anytime, Anywhere