Deepak Fertilisers and Petrochemicals Corporation Limited approves terms of rights issue

The Board of directors of Deepak Fertilisers and Petrochemicals Corporation Limited, in its meeting held today, i.e., September 11, 2020, has approved the terms of rights issue.

Issue Price: Rs. 133/- per fully paid-up equity share (including a premium of Rs. 123/- per fully paid-up equity share over the face value of Rs. 10 per equity share).

Terms and payment of issue price: The full amount of issue price being Rs. 133/- per rights equity share will be payable on application.

-Record date: The Board also fixed the record date for the purpose of determining the shareholders of the Company who will be eligible to apply in the Issue, as September 17, 2020.

Rights entitlement ratio: 3 (three) fully paid-up equity shares for every 20 (twenty) fully paid-up equity shares held by the eligible equity shareholders of the Company, as on the record date.

Shares of DEEPAK FERTILISERS & PETROCHEMICALS CORPORATION LTD. was last trading in BSE at Rs.161.3 as compared to the previous close of Rs. 163.25. The total number of shares traded during the day was 78904 in over 1250 trades.

The stock hit an intraday high of Rs. 167 and intraday low of 160.25. The net turnover during the day was Rs. 12862464.

Source : Equity Bulls

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