7NR Retail Limited board approves 1:1 rights issue

The Board of Directors of 7NR Retail Limited in their meeting held today i.e. 11th April, 2022 at the Registered Office of the Company which commenced at 3:00 P.M. and concluded at 6:45 P.M. has considered and approved issue of 12,86,45,000 Equity Shares of face value of Rs. 1/- at issue price of Rs. 1.80/- per equity share including premium of Rs. 0.80/- per equity share aggregating of Rs. 23,15,61,000/- to all existing member of the Company on rights (right issue) aforesaid right comes in effect post preferential issue.

The rights shares will be offered in the ratio of 1:1 i.e., 1 equity share for every 1 equity share held by the eligible equity shareholder in the Company as on record date with right to renounce.

The Full amount of Rs. 1.80/- per equity share is payable on application by eligible shareholders.

Source : Equity Bulls

Keywords

7NRRetail RightsIssue FundRaising