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Cyber Media (India) Limited ( (IN:CYBERMEDIA) ) has issued an announcement.
Cyber Media (India) Limited has published reminder-cum-forfeiture notices in English and Hindi newspapers regarding payment of the first and final call money on partly paid-up equity shares issued under its rights issue. The company has also made these advertisements available on its website, signalling a formal push to complete the capital-raising process and warning that non-payment may lead to forfeiture of the partly paid shares, which is relevant for existing shareholders and rights issue participants.
The move underscores the company’s adherence to SEBI’s listing and disclosure regulations and marks a key administrative step in closing out its recent rights issue. By publicly reminding investors and highlighting potential forfeiture, Cyber Media aims to secure the remaining proceeds from the issue, which can impact its capital structure and the holdings of shareholders who do not meet the call money obligations.
More about Cyber Media (India) Limited
Cyber Media (India) Limited operates in the media and publishing sector, providing information and content services with a focus on technology and business audiences. The company is listed on both BSE and the National Stock Exchange of India under the symbol CYBERMEDIA.
Average Trading Volume: 1,110
Technical Sentiment Signal: Sell
Current Market Cap: 305.2M INR
See more insights into CYBERMEDIA stock on TipRanks’ Stock Analysis page.