Swiss Military Consumer Goods Limited - Rights Issue Details

The Board of Directors of Swiss Military Consumer Goods Limited at its meeting have considered and approved the terms of the Rights Issue.

The price of the rights shares is fixed as Rs. 2/- per fully paid-up Equity Share.

4,91 ,48,498 fully-paid up equity shares of face value of Rs. 2/- each for amount aggregating to Rs. 9.83 Crores will be issued in the ratio of one fully-paid Rights Equity Share for every One existing fully-paid share held by Eligible Equity Shareholders as on the Record Date.

The record date has been fixed as Tuesday, November 09, 2021 for the purpose of determining the equity shareholders entitled to receive the rights entitlement in the rights issue ["Eligible Equity Shareholders"].

The issue opens for subscription on Wednesday, November 24, 2021 and closes on Wednesday, December 08, 2021 (both days inclusive).

The outstanding shares of the company will increase from 4,91,48,498 Equity shares (face value of Rs. 2 each) to 9,82,96,996 Equity shares (face value of Rs. 2 each) post the issue.

Source : Equity Bulls

Keywords

SwissMilitaryConsumerGoods RightsIssue FundRaising