Vishvprabha Ventures Limited board approves rights issue at Rs. 30 per share

The Rights Issue Committee constituted by the Board of Directors of Vishvprabha Ventures Limited has, at its meeting held today, i.e. Friday, November 26, 2021 considered and approved the terms and conditions of the rights issue.

The board approved the issue of 14,70,000 (Fourteen Lakhs Seventy Thousand Only) fully paid up Equity Shares of face value of Rs.10/- (Rupees Ten Only) each at an issue price of Rs.30/- (Rupees Thirty Only) per right equity share including a premium of Rs.20/- (Rupees Twenty Only) per rights equity share for an amount aggregating to Rs.4,41,00,000/- (Rupees Four Crore Forty One Lac Only) to all the existing equity shareholders as of the company as on Record Date on a rights basis ("Rights Issue").

The ratio of the rights issue is 6 (Six) Equity Shares for every 1 (One) fully paidup Equity Share held by the existing equity shareholders of the Company as on the Record Date.

The board has fixed Thursday, December 02, 2021 the Record Date for the purpose of determining the name of equity shareholders of the Company eligible to apply for the Rights Equity Shares in the Rights Issue of the Company.

Shares of Vishvprabha Ventures Ltd was last trading in BSE at Rs. 92.00 as compared to the previous close of Rs. 92.75. The total number of shares traded during the day was 96 in over 2 trades.

The stock hit an intraday high of Rs. 92.00 and intraday low of 88.15. The net turnover during the day was Rs. 8477.00.

Source : Equity Bulls

Keywords

VishvprabhaVenturesLtd INE762D01011 RightsIssue FundRaising