Aplab Limited board approves 1:1 rights issue at Rs. 10 per share

The Board of Directors of Aplab Limited, at their meeting held today i.e. February 2, 2021, considered and approved the issue of upto 50,00,000 Equity Shares, to the eligible shareholders of the Company on Rights basis as on the record date (to be announced later) as maybe permitted under applicable laws, subject to regulatory/statutory approvals as may be required.

The company will issue rights shares in the ratio of 1:1, i.e., one new share for every one share held as on the record date. The issue price will be Rs. 10/- per share.

Shares of APLAB LTD. was last trading in BSE at Rs.20.45 as compared to the previous close of Rs. 19.05. The total number of shares traded during the day was 1587 in over 20 trades.

The stock hit an intraday high of Rs. 20.5 and intraday low of 18.75. The net turnover during the day was Rs. 32159.

Source : Equity Bulls

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