Moschip Technologies Ltd board approves preferential issue

The Board of Directors of Moschip Technologies Ltd in its meeting held today i.e. 04th July, 2022 considered and approved, the issue of 31,12,203 equity shares on preferential basis to Mayuka Holdings Private Limited (Partial conversion of existing unsecured loan) at a price of Rs. 61.05/- per equity share aggregating to an amount of Rs. 19 crores.

The board also approved issue of 18,01,801 equity shares on preferential basis to Smilax Corporate Services LLP at a price of Rs. 61.05/- per equity share aggregating to an amount of Rs. 11 crores.

Shares of Moschip Technologies Ltd was last trading in BSE at Rs. 55.80 as compared to the previous close of Rs. 53.25. The total number of shares traded during the day was 405884 in over 1450 trades.

The stock hit an intraday high of Rs. 55.90 and intraday low of 52.85. The net turnover during the day was Rs. 22518721.00.

Source : Equity Bulls

Keywords

MoschipTechnologies INE935B01025 PreferentialIssue EquityShares