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

The Board of Directors of Aplab Limited ("the Board") at its meeting held on Tuesday, February 02, 2021, had approved the issue of equity shares of face value of Rs.10/- each ("Equity Shares") of the Company, by way of a rights issue to the eligible shareholders of the Company for an amount not exceeding Rs. 500.00 Lakhs (the "Issue") in accordance with applicable laws, including the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, read with the relevant circulars issued by the SEBI, in this regard, from time to time (hereinafter referred to as "SEBI ICDR Regulations" and the issue "Rights Issue").

The Rights Issue Committee ("RIC") had at its meeting held today i.e. Wednesday, June 02, 2021, has approved the following terms and conditions of rights issue.

Rights Issue Price: Rs. 10/- per Rights Equity Share;

Rights entitlement ratio: 1 Rights Equity Share for every 1 Equity Shares held by eligible shareholders as on the Record Date;

Record date: for the purpose of determining the shareholders eligible to apply for the equity shares in the Rights Issue as Tuesday, June 08, 2021("Record Date").

Rights Issue schedule:

Issue Opening date Thursday, June 17, 2021

Issue Closing date Thursday, July 01, 2021

Shares of APLAB LTD. was last trading in BSE at Rs.20 as compared to the previous close of Rs. 19.6. The total number of shares traded during the day was 5201 in over 15 trades.

The stock hit an intraday high of Rs. 20 and intraday low of 19.35. The net turnover during the day was Rs. 103689.

Source : Equity Bulls

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