HKG Ltd Fixes Nov 15, 2021 as Record Date for Rights Issue of equity shares

HKG Ltd has fixed November 15, 2021 as the Record Date for the purpose of determining the equity shareholders entitled o receive the rights entitlement in the Rights issue ('Eligible Equity Shareholders').

The Board of Directors of the Company ("Board") had earlier approved the issue of fully paid-up equity shares of the Company of face value of Rs. 2/- each ('Equity Shares') by way of a rights issue for an amount not exceeding Rs. 45 crores (Rupees Forty Five Crore) ("Rights Issue").

The issue price is fixed as Rs. 8.00/- per Rights Equity Share (including premium of Rs. 6.00/- per Rights Equity Share. The Full amount of Rs. 8.00/- per Equity Share is payable on application.

The ratio is 1 Equity Share for every 1 Equity Share held by the Eligible Equity Shareholders in the (Company as on the record date with the right to renounce. Further, the REs shall be traded in the Lot of 2,500.

The Rights Issue Opening Date is November 25, 2021 and the last date for On Market Renunciation of Rights Entitlement* will be December 07, 2021. The Rights Issue will be closing for subscription on December 10, 2021.

Shares of HKG Ltd was last trading in BSE at Rs. 47.25 as compared to the previous close of Rs. 47.95. The total number of shares traded during the day was 12500 in over 5 trades.

The stock hit an intraday high of Rs. 49.00 and intraday low of 47.20. The net turnover during the day was Rs. 596875.00.

Source : Equity Bulls

Keywords

HKGLtd INE904R01027 RightsIssue RecordDate FundRaising