Swiss Military Consumer Goods Ltd Board approves allotment of shares on rights basis

The Rights Issue Committee of the Board of Directors of Swiss Military Consumer Goods Ltd at its Meeting held on December 21,2021 had considered and approved the allotment of 4,91,48,498 (Four Crore Ninety One Lakhs Forty Eight Thousand Four Hundred and Ninety Eight) Equity Shares having face value of Rs. 2/- (Rupees Two) on rights basis to the existing equity shareholders of the Company at a price of Rs. 2/- (Rupees Two) per Equity Share in the ratio of 1:1 i.e. 1 (One) Equity Share for every 1 (One) Equity Share held as on the record date i.e. Tuesday, November 09, 2021.

The said allotment is pursuant to the Letter of Offer and the Basis of Allotment as approved by BSE Limited, the Designated Stock Exchange for the issue.

Consequent to the said allotment, the paid up Equity Share Capital of the Company shall be 9,82,96,996 equity shares of Rs. 2/- each (fully paid up) and share capital amount is Rs. 19,65,93,992.

Shares of Swiss Military Consumer Goods Ltd was last trading in BSE at Rs. 7.10 as compared to the previous close of Rs. 6.77. The total number of shares traded during the day was 995 in over 5 trades.

The stock hit an intraday high of Rs. 7.10 and intraday low of 7.10. The net turnover during the day was Rs. 7064.00.

Source : Equity Bulls

Keywords

SwissMilitaryConsumerGoods RightsIssue FundRaising