The Sandur Manganese & Iron Ores Ltd allots 1,80,03,882 shares on rights basis

The Board of Directors of The Sandur Manganese & Iron Ores Limited had earlier approved the issue of 1,80,03,882 fully paid-up equity shares of face value of ₹ 10/- each on rights basis at a price of ₹ 10/- per right equity share aggregating to ₹ 18,00,38,820/- (Indian Rupees Eighteen Crore Thirty-Eight Thousand Eight Hundred and Twenty only) in the ratio of 2 Rights Equity Share for every 1 Equity Share.

The Board of Directors of the Company on 9 September 2022 has approved the allotment of 1,80,03,882 Fully Paid-up Rights Equity Shares of the face value of Rs.10/ each to the eligible applicants at an issue price of Rs.10/- per Equity Share. It may also be noted that the allotment of equity shares is based on the basis of allotment finalised by the Company, RTA, Lead Manager and duly approved by BSE Limited on 8 September 2022.

Consequent to the said allotment, the Paid-up Equity Share Capital of the Company is 2,70,05,823 Equity Shares of Rs. 10/- each (fully paid up) amounting to Rs. 27,00,58,230.

Source : Equity Bulls

Keywords

TheSandurManganeseandIronOres SharesAllotment RightsIssue 2For1