The Board of Directors of Radhe Developers India Ltd, at its meeting held today, has considered and approved the proposal for raising of funds by way of a Right Issue to the eligible equity shareholders of the Company as on the record date (to be determined and notified subsequently), on such terms and conditions as may be decided by the Board of Directors subject to receipt of regulatory / statutory approvals, in accordance with the applicable laws including the provisions of the SEBI (Issue of Capital and disclosure Requirements) Regulations, 2018, the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the Companies Act, 2013 and Rules made thereunder.
For the purposes of giving effect to the Right Issue, the detailed terms in relation to the Right Issue, including to the issue price, right entitlement ratio, record date, timing and terms of payment will be determined in due course.
Shares of RADHE DEVELOPERS (INDIA) LTD. was last trading in BSE at Rs. 342.20 as compared to the previous close of Rs. 325.95. The total number of shares traded during the day was 144087 in over 3670 trades.
The stock hit an intraday high of Rs. 342.20 and intraday low of 332.60. The net turnover during the day was Rs. 49185774.00.