R P P Infra Projects Ltd allots 1,42,30,000 rights shares

The Rights Issue Committee of the Board of Directors of R P P Infra Projects Ltd in their meeting held on October 26, 2021, considered and approved the allotment of 1,42,30,000 Rights Equity Shares having face-value of Rs. 10 each to the successful applicants in the Rights Issue at an issue price of % 30 per rights equity share (including a premium of Rs. 20 per rights equity share). The rights equity shares were issued as partly paid-up and an amount of Rs. 18 per rights equity share was payable on application (of which Rs. 6 towards face value of each rights equity share and Rs. 12 towards premium amount of eéch rights equity share). The said allotment is pursuant to the terms set out in the Letter of Offer dated September 15, 2021 and the 'Basis of Allotment' as finalised in consultation with Inga Ventures Private Limited, the Lead Manager to the Issue.

Consequent to this allotment, the paid-up share capital of the Company stands increased from Rs. 23,65,05,840/- (consisting of 2,36,50,584 equity shares of face value of Rs. 10 each) to Rs. 32,18,85,840 divided into 2,36,50,584 equity share of Rs. 10 each fully paid-up and 1,42,30,000 equity shares of Rs. 10 each partly paid-up.

Shares of R.P.P. Infra Projects Limited was last trading in BSE at Rs. 58.40 as compared to the previous close of Rs. 56.95. The total number of shares traded during the day was 14224 in over 463 trades.

The stock hit an intraday high of Rs. 59.80 and intraday low of 56.80. The net turnover during the day was Rs. 825932.00.

Source : Equity Bulls

Keywords

RPPInfraProjects INE324L01013 RPPINFRA RightsIssue Allotment