PNNMumbai (Maharashtra) [India], June 26:The Company will issue 2,46,49,2096 partly-paid equity shares of face value of Rs. 1/- each at a price of Rs. 20/- per rights share (including a premium of Rs. 19/- per Equity Share) aggregating to Rs. 49.30/- crore. The rights entitlement ratio for the proposed rights issue is 6:97; 6 rights equity shares of Rs.1/- each for every 97 equity shares of Rs.1/- each held by the eligible equity shareholders as on the record date – 16th June 2023. Shareholders will have to pay 50% – Rs 10/- per share (including premium of Rs. 9.5 per share) on rights issue application and remaining 50% – Rs. 10/- per share (including premium of Rs. 9.5 per share) on one or more calls as decided by the board.
Last date for On-market Renunciation of Rights Entitlements is 5th July, 2023. Post the rights issue, share capital of the company will increase from Rs. 39.84…
