Gautam Gems Ltd board approves rights issue

The Board of Directors of Gautam Gems Ltd at its meeting held today i.e. 20 August, 2022 has considered and approved the terms and conditions of rights issue.

Right Issue Size - The committee has decided and fixed Rs. 4429.51 Lakhs as the Right Issue Size.

Number of Right Shares - 4,02,68,236 Equity Shares Right Issue Price - Rs. 11/- Per Equity Share (Including Re. 1/- Premium per share)

Rights Entitlement Ratio - 4 (Four) new shares for every 1 (One) Existing Equity Shares held by the eligible shareholders as on the Record Date as mentioned herein below.

Record Date - Fixed the Record Date on Thursday, 1st September, 2022 for the purpose of determining the eligible shareholders to apply for the Issue.

Terms of Payment - The Issue Price of Rs. 11 Per Rights Equity Share (including premium of Re. 1 Per Rights Equity Share) shall be payable as follows:

- Rs. 2.75 Per Issue Share (including premium of Rs. 0.25 Per Issue Share) shall be payable on Application

- Rs. 5.50 Per Issue Share (including premium of Rs. 0.50 Per Issue Share) shall be payable on First Call

- Rs. 2.75 Per Issue Share (including premium of Rs. 0.25 Per Issue Share) shall be payable on Second Call

The Rights Issue is proposed to open on 12 September, 2022 and will close on 30 September, 2022*. The last date for market renunciation will be 26 September, 2022.

Shares of Gautam Gems Ltd was last trading in BSE at Rs. 9.78 as compared to the previous close of Rs. 9.76. The total number of shares traded during the day was 10877 in over 78 trades.

The stock hit an intraday high of Rs. 10.00 and intraday low of 9.66. The net turnover during the day was Rs. 106605.00.

Source : Equity Bulls

Keywords

GautamGems INE063Z01017 RightsIssue RecordDate Ratio