Anjani Portland Cement board approves rights issue of upto Rs. 250 crores

The Board of Directors of Anjani Portland Cement Limited has considered and approved raising of funds through issuance and allotment of equity shares of Rs. 10 each ("Equity Shares") to the eligible equity shareholders of the Company on Rights basis, on such terms and at such price and ratio as may be decided by the Board or a duly constituted committee of the Board at a later date, as on the record date (to be notified subsequently), for an amount not exceeding Rs. 250 Crores, subject to receipt of regulatory / statutory approvals.

The Board has re-constituted the right issue committee and the right issue committee shall have the powers to decide all terms and conditions for Rights Issue and the matters connected and incidental thereto, including appointment of all the required intermediaries like Merchant Banker, Legal Counsel, Registrar, Escrow Bankers to the Rights Issue, etc.

Shares of Anjani Portland Cement Limited was last trading in BSE at Rs. 240.10 as compared to the previous close of Rs. 242.85. The total number of shares traded during the day was 5389 in over 279 trades.

The stock hit an intraday high of Rs. 251.15 and intraday low of 235.00. The net turnover during the day was Rs. 1291317.00.

Source : Equity Bulls

Keywords

AnjaniPortlandCement INE071F01012 APCL RightsIssue FundRaising