Pricol board OKs rights issue terms by admin- Friday, November 20th, 2020 04:12:58 PM
Pricol at its meeting Committee meeting held November 19, 2020, has authorized the Issue on the subsequent terms:
1. Number of Rights Equity Shares to be issued and the scale of the Issue: 2,70,eighty four,777 Rights Equity Shares, for an quantity aggregating upto Rs. 8125.Forty three Lakhs (assuming complete subscription).
2. Rights problem price: Rs. 30 per Rights Equity Share (inclusive of a premium of Rs. 29 per Rights Equity Share over face price of Rs 1 in keeping with Equity Share).
Three. Rights entitlement ratio: 2 Rights Equity Shares for every 7 Equity Share(s) held by means of eligible Equity Shareholders of the Company as on the report date.
4. Record date: The Committee also constant the record date for the reason of determining the shareholders who may be eligible to apply inside the Rights Issue as November 25, 2020.