T.T. Ltd Rights Issue Oversubscribed 1.13x, Raises Rs 40 Crore
T.T. Ltd has successfully closed its Rights Issue of 3,33,30,444 fully paid-up equity shares, raising Rs 40 crore, with the issue being oversubscribed 1.13 times. The issue, priced at Rs 12 per share (including a premium of Rs 11), closed on July 31, 2025, reflecting strong investor confidence in the company’s growth trajectory.
The funds will be deployed towards the Avinashi project capex, brand-building initiatives, incremental working capital, and general corporate purposes, supporting TTL’s domestic expansion and export opportunities arising from FTAs with the UK, Australia and UAE, as well as the China Plus One strategy of global brands.
Commenting on the development, Sanjay Kumar Jain, Managing Director, said the oversubscription highlights the faith of longstanding shareholders and reaffirmed the company’s commitment to sustained value creation built on three decades of experience and capital market presence.
The shares are expected to be allotted and listed on BSE and NSE by August 14, 2025, enhancing liquidity and investor access. The issue was managed by Sumedha Fiscal Services Ltd as Lead Manager, Beetal Financial & Computer Services Pvt. Ltd. as Registrar, and HDFC Bank as Banker to the Issue.
