Aplab Limited board approves allotment of rights shares

The Rights Issue Committee of the Board of Directors of Aplab Limited have, today, i.e. on Friday, July 09, 2021, considered and approved the allotment of 50,00,000 Equity Shares having face-value of Rs. 10/- each to the eligible applicants in the Rights Issue at an issue price of Rs. 10 per Equity Share.

The said allotment is pursuant to the terms set out in the Letter of Offer dated June 02, 2021 and the 'Basis of Allotment' as finalised in consultation with the Adroit Corporate Services Private Limited ("Registrar to the Issue") and as approved by BSE Limited ("the Designated Stock Exchange for the Issue").

Consequent to the said allotment, the Paid-up Equity Share Capital of the Company has increased to 1,00,00,000 Equity Shares of Rs. 10/- each (fully paid up) and Rs. 10,00,00,000.

Shares of APLAB LTD. was last trading in BSE at Rs.21.05 as compared to the previous close of Rs. 20.05. The total number of shares traded during the day was 15659 in over 33 trades.

The stock hit an intraday high of Rs. 21.05 and intraday low of 21.05. The net turnover during the day was Rs. 329621.

Source : Equity Bulls

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