HCL Infosystems approves 10:21 rights issue at Rs. 47

The meeting of the Rights Issue Committee of the Board of HCL Infosystems Limited held on 20th October, 2017 has decided the issue of Equity Shares by way of Rights Issue to the eligible shareholders of the Company, for an amount aggregating to Rs. 499.09 crores.

The Rights Issue is to be offered at a price of Rs. 47 including a premium of Rs. 45. The total number of rights equity shares to be issued is 106,190,299.

The rights entitlement ratio is fixed at a ratio of 10 rights equity share for every 21 equity share held by the eligible shareholders of the Company whose names appear on the Register of Members or list of depositories as members or beneficial owners, as at the end of business hours on the Record date

The Record Date for the purpose of determining the shareholders eligible to apply for the Equity shares in the Rights Issue is Wednesday, 1st November, 2017.

Shares of HCL INFOSYSTEMS LTD. was last trading in BSE at Rs.47.5 as compared to the previous close of Rs. 47.6. The total number of shares traded during the day was 98731 in over 354 trades.

The stock hit an intraday high of Rs. 47.95 and intraday low of 47.1. The net turnover during the day was Rs. 4702411.

Source : Equity Bulls

Keywords