Stock Report

PTC Industries Limited board approves 3:2 rights issue



Posted On : 2022-03-30 16:58:11( TIMEZONE : IST )

PTC Industries Limited board approves 3:2 rights issue

The Listing Committee of the Board of Directors of PTC Industries Limited, at their meeting held today i.e. March 30, 2022, considered and approved the terms and conditions of the proposed Rights Issue of the Company.

Rights Issue Shares: 78,58,594 (Seventy Eight Lakh Fifty Eight Thousand Five Hundred and Ninety Four) Equity Shares of face value of INR 10 each;

Rights Issue Price: INR10 (Indian Rupees Ten Only) per Rights Equity Share;

Rights Issue Size: INR 7,85,85,94 0/- (Indian Rupees Seven Crores Eighty Five Lakh Eighty Five thousand Nine hundred and Forty Only);

Rights Entitlement ratio: 3 Rights Equity Share for every 2 Equity Shares held by eligible shareholders as on the Record Date.

Shares of PTC Industries Ltd was last trading in BSE at Rs. 4774.20 as compared to the previous close of Rs. 4546.90. The total number of shares traded during the day was 973 in over 82 trades.

The stock hit an intraday high of Rs. 4774.20 and intraday low of 4500.00. The net turnover during the day was Rs. 4606592.00.

Source : Equity Bulls

Keywords

PTCIndustries INE596F01018 RightsIssue FundRaising