Asian Granito India Ltd approves rights issue at Rs. 63 per share

The Rights Issue Committee of the Board of directors of Asian Granito India Ltd at its meeting held today, i.e., April 06, 2022 has considered and approved the following terms of the Rights Issue:

Instrument: Fully paid-up Equity Shares of face value of Rs. 10/- each

Total number of Equity Shares and Rights Issue size: 6,99,93,682 fully paid-up Equity Shares each for amount aggregating to Rs. 440.96 Crore.

Rights Issue Price: Rs. 63/- per fully paid-up Equity Share [including a premium of Rs. 53/- per Equity Share]

Record date: April 12, 2022 (Tuesday) for the purpose of determining the names of the equity shareholders who would be eligible to receive the rights entitlement in t he Rights Issue ("Eligible Equity Shareholders")

Rights Issue period:

Rights Issue Opening Date: April 25, 2022;
Rights Issue Closing Date: May 10, 2022.

Outstanding Equity Shares:

Prior to the Rights Issue: 5,67,51,634 Equity Shares;
Post Rights Issue#: 12,67,45,316 Equity Shares.
#assuming full subscription

Rights entitlement ratio: 30:37 (37 Equity Shares for every 30 Equity shares fully paid-up Equity Share held by the Eligible Equity Shareholders of the Company, as on the record date).

ISIN for Rights Entitlement: INE022120027

Shares of Asian Granito India Limited was last trading in BSE at Rs. 118.00 as compared to the previous close of Rs. 108.45. The total number of shares traded during the day was 169516 in over 3172 trades.

The stock hit an intraday high of Rs. 119.85 and intraday low of 108.05. The net turnover during the day was Rs. 19692398.00.

Source : Equity Bulls

Keywords

AsianGranitoIndia INE022I01019 ASIANTILES FundRaising RightsIssue Terms Conditions RecordDate