Add-Shop E-Retail Ltd approves rights issue

The Board of Directors ("Board") of Add-Shop E-Retail Limited ("Company"), in its meeting held today, viz. Friday, 3rd June, 2022 considered and approved the fund raising of an amount not exceeding Rs. 49,50,00,000/- (Rupees Forty Nine Crores Fifty Lakhs only), through a Rights issue to the eligible equity shareholders (Public Category) of the Company as on Record date ("Rights Issue").

The Rights Issue Price is fixed as Rs. 54/- per fully paid-up Equity Share [including a premium of Rs. 44/- per Equity Share]

Shares of Add-Shop ERetail Ltd was last trading in BSE at Rs. 96.20 as compared to the previous close of Rs. 93.45. The total number of shares traded during the day was 61277 in over 817 trades.

The stock hit an intraday high of Rs. 98.00 and intraday low of 94.35. The net turnover during the day was Rs. 5904679.00.

Source : Equity Bulls

Keywords

AddShopERetail INE01B501018 RightsIssue FundRaising