Esteem Bio Organic Food Processing Ltd Board approves Rights Issue

The Board of Directors of Esteem Bio Organic Food Processing Ltd at its meeting held on October 27, 2014, has considered and approved the 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.

The Company has fixed November 10, 2014 as the Record date for the purpose of determining the entitlement to the Rights Issue Of 99,45,333 Equity Shares On Rights Basis in The Ratio Of Two (2) Rights Equity Share For Every Three (3) Equity Share held by the Existing Equity Shareholders ("The Issue") on the record date.

Shares of ESTEEM BIO ORGANIC FOOD PROCESSING LTD. was last trading in BSE at Rs.419.45 as compared to the previous close of Rs. 419. The total number of shares traded during the day was 44400 in over 26 trades.

The stock hit an intraday high of Rs. 421.15 and intraday low of 419. The net turnover during the day was Rs. 18646590.

Source : Equity Bulls

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