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An announcement from Hilton Metal Forging Limited ( (IN:HILTON) ) is now available.
Hilton Metal Forging Limited’s board has approved a rights issue of 11,296,551 equity shares to existing shareholders in a 14-for-29 ratio at an issue price of Rs 28.32 per share, aiming to raise approximately Rs 31.99 crore and increase its outstanding equity shares from 2.34 crore to about 3.47 crore, assuming full subscription. The company has also corrected previously miscommunicated dates for the on-market renunciation period end and rights issue closing, confirming the renunciation will now end on Friday, January 9, 2026, and the issue will close on Monday, January 12, 2026, a clarification intended to ensure orderly participation by investors and minimize confusion for market stakeholders.
More about Hilton Metal Forging Limited
Hilton Metal Forging Limited operates in the metal forging industry, manufacturing forged components that typically cater to sectors such as engineering, infrastructure, and industrial applications. The company is listed on both BSE and NSE under the symbol HILTON and has an established base of equity shareholders in the Indian capital market.
Average Trading Volume: 17,843
Technical Sentiment Signal: Sell
Current Market Cap: 998.2M INR
For a thorough assessment of HILTON stock, go to TipRanks’ Stock Analysis page.