VIP Clothing Ltd allots 1,65,19,304 fully paid up Rights Equity Shares

Pursuant to the finalization of basis of allotment of the Rights Issue in consultation with BSE Limited, the Rights Issue Committee of the Board of Directors of VIP Clothing Ltd at their meeting held today i.e.Thursday, December 21, 2017 at the Registered Office of the Company has considered and approved the allotment of 1,65,19,304 fully paid up Rights Equity Shares of face value of Rs.2/- each at a price of Rs.26/- per Rights Equity Share including a share premium of Rs.24/- per Rights Equity Share, to the Eligible Equity Shareholders of the Company.

Pursuant to above, the paid-up equity share capital of the Company stands to increase to Rs.16,51,93,038/- divided into 8,25,96,519 equity shares of Rs.2/- each.

Shares of VIP Clothing Ltd was last trading in BSE at Rs.79.9 as compared to the previous close of Rs. 78.2. The total number of shares traded during the day was 757049 in over 6898 trades.

The stock hit an intraday high of Rs. 85.4 and intraday low of 78.8. The net turnover during the day was Rs. 62059049.

Source : Equity Bulls

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