HKG Limited allots 1.75 crore shares on rights basis

Pursuant to the approval received for finalizing the basis of allotment from BSE Limited {Designated Stock Exchange) on 17th December, 2021, the Board of Directors of HKG Limited in their meeting held today i.e., 17th December, 2021 has allotted 1,75,00,000 Equity Shares of Rs. 2/- each issued at a price of Rs. 8/- per share (including premium of Rs. 6/- per share) aggregating to Rs. 1400 Lakhs on rights basis to the eligible existing shareholders of the Company as on the record date i.e., 15th November, 2021 and to the valid renouncees whose applications were valid.

Shares of HKG Ltd was last trading in BSE at Rs. 26.95 as compared to the previous close of Rs. 27.60. The total number of shares traded during the day was 40000 in over 7 trades.

The stock hit an intraday high of Rs. 28.35 and intraday low of 26.10. The net turnover during the day was Rs. 1089200.00.

Source : Equity Bulls

Keywords

HKG INE904R01027 SharesAllotment RightsIssue