INOX Leisure Limited board approves fund raising proposal to raise upto Rs. 300 crores

The Board of Directors of INOX Leisure Limited at its meeting held today i.e., 6th April, 2021 has approved the fund raising proposal to raise funds upto Rs. 300 crores through issue of securities either by way of a public issue or by way of rights issue or by way of a private placement (including but not limited through a qualified institutional placement) in accordance with the provisions of the applicable law.

The fund raising is subject to necessary permissions, sanctions and approvals (including Shareholders' approval and such other statutory approvals as may be required) and the provisions of the law. The Company is seeking approval of Shareholders for the aforesaid resolution through Postal Ballot.

Shares of INOX LEISURE LTD. was last trading in BSE at Rs.275.85 as compared to the previous close of Rs. 268.7. The total number of shares traded during the day was 77566 in over 2996 trades.

The stock hit an intraday high of Rs. 287.45 and intraday low of 258.35. The net turnover during the day was Rs. 20789519.

Source : Equity Bulls

Keywords