Texel Industries Limited allots 31,22,398 partly paid up Rights Equity Shares

In terms of the Letter of Offer dated August 12, 2021 and in accordance with the Basis of Allotment finalized in consultation with BSE Limited (Designated Stock Exchange), the Lead Manager to the Issue and the Registrar to the Issue, the Finance and Investment Committee of Texel Industries Limited has, at its meeting held on today, i.e., October 06, 2021, approved the allotment of 31,22,398 partly paid up Rights Equity Shares of face value of Rs.10 each (Rs.5 paid up) at a price of Rs.40 per Rights Equity Share including a share premium of Rs.30 per Rights Equity Share of which Rs.20 per Rights Equity Share including a share premium of Rs.15 per Rights Equity Share has been paid up on application and the balance amount shall be payable on First and Final Call at such time as may be determined by the Board at its sole discretion.

Shares of TEXEL INDUSTRIES LTD. was last trading in BSE at Rs. 61.45 as compared to the previous close of Rs. 60.50. The total number of shares traded during the day was 33331 in over 107 trades.

The stock hit an intraday high of Rs. 62.45 and intraday low of 58.50. The net turnover during the day was Rs. 2018693.00.

Source : Equity Bulls

Keywords

TEXELINDUSTRIESLTD INE594V01028 PlasticProducts RightsIssue Allotment FundRaising