Visagar Polytex Ltd board approves 1:1 rights issue at Rs. 1.70 per share

The Board of Directors of Visagar Polytex Ltd at their Meeting held today on 24th December, 2021, have unanimously consented for raising funds through Rights Issue of Equity Shares up to 29,27,00,534 Equity Shares of Face value of Rs. 1/- each in the ratio of 1:1 i.e (One) 1 Equity Shares for each (One) 1 Equity Shares held by Shareholders at an issue price of Rs. 1.70/- per Equity Share (including premium of Rs. 0.7/- per Equity Share) - aggregating to Rs. 4975.91 Lakh to all the existing members of the Company on rights basis ("Rights Issue").

Shares of Visagar Polytex Limited was last trading in BSE at Rs. 1.59 as compared to the previous close of Rs. 1.52. The total number of shares traded during the day was 829859 in over 571 trades.

The stock hit an intraday high of Rs. 1.59 and intraday low of 1.59. The net turnover during the day was Rs. 1319475.00.

Source : Equity Bulls

Keywords

VisagarPolytex INE370E01029 VIVIDHA RightsIssue FundRaising