Shree Rama Multi-Tech Limited approves rights issue

The Board of Directors of Shree Rama Multi-Tech Limited at their meeting held today i.e. May 21, 2022 has, approved the raising of funds, through issuance and allotment of equity shares of face value of Rs. 5 each ("Equity Shares") for up to an aggregate amount of up to Rs. 8,000.00 lakhs (Rupees eight thousand lakhs), on rights basis on such terms (as decided by the Board of Directors or a duly constituted committee of the Board at a later date) to the eligible equity shareholders of the Company, as on the record date (to be announced subsequently), subject to receipt of regulatory / statutory approvals (Rights Issue).

Shares of Shree Rama Multi-Tech Limited was last trading in BSE at Rs. 13.75 as compared to the previous close of Rs. 13.45. The total number of shares traded during the day was 9862 in over 129 trades.

The stock hit an intraday high of Rs. 14.10 and intraday low of 13.65. The net turnover during the day was Rs. 136790.00.

Source : Equity Bulls

Keywords

ShreeRamaMultiTech INE879A01019 FundRaising RightsIssue