Channel Nine Entertainment fixes price for rights issue

The Board of Directors of Channel Nine Entertainment Ltd at its meeting held on July 31, 2014, has decided the price of Rs. 10/- Each i.e. face value Rs. 10/· and premium Rs. Nil/ - as an issue price for the purpose of Rights issue.

August 14, 2014 has been fixed as Record date for the purpose of determining the entitlement to the Rights Offer of 77,63,200 Equity shares of Rs. 10/- each for cash at par to be issued in the ratio of 1 (One) Equity Share for every 2 (Two) Equity Share held by members on the Record date.

Shares of CHANNEL NINE ENTERTAINMENT LTD. was last trading in BSE at Rs.521.3 as compared to the previous close of Rs. 496.5. The total number of shares traded during the day was 25000 in over 39 trades.

The stock hit an intraday high of Rs. 521.3 and intraday low of 497. The net turnover during the day was Rs. 12934525.

Source : Equity Bulls

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