Stock Report

Key Highlights of Rights Issue of Joonktollee Tea & Industries Ltd



Posted On : 2022-01-13 22:03:40( TIMEZONE : IST )

The Rights Issue Committee ("Committee") of Joonktollee Tea & Industries Limited ("Company") has announced the terms and conditions of the offer and issue of equity shares of the Company by way of a rights issue to eligible shareholders of the Company as on the record date for an amount not exceeding Rs. 24.90 crores.

Record Date: The Rights Issue Committee of Board of Directors of the Company has today fixed the record date for the purpose of determining the shareholders who will be eligible to apply for the Rights Issue as January 19, 2022.

ISIN for Rights Entitlement: INE574G20021

Rights Issue Schedule:

Issue Opening Date: February 04,2022; and
Issue Closing Date: February 18, 2022.

The Issue Size is 41,42,201 Rights Equity Shares of Rs.10 each at an issue price of RS.60 per Equity Share (including a premium of Rs. 50 per Equity Share)

The Rights Entitlement Ratio is 1 Rights Equity Share for every 1 Equity Share held by the eligible shareholders ofthe Company on the record date.

Shares of Joonktollee Tea & Industries Ltd was last trading in BSE at Rs. 175.25 as compared to the previous close of Rs. 181.30. The total number of shares traded during the day was 3649 in over 64 trades.

The stock hit an intraday high of Rs. 190.35 and intraday low of 172.25. The net turnover during the day was Rs. 653144.00.

Source : Equity Bulls

Keywords

JoonktolleeTeaandIndustries INE574G01013 RightsIssue FundRaising RecordDate