7NR Retail Limited allots 11,66,95,000 shares on rights basis

The Rights Issue Committee of the Board of Directors of 7NR Retail Limited in their meeting held today i.e. Thursday, 29th September, 2022 at the Registered Office of the Company which commenced at 5:00 P.M. and concluded at 6:00 P.M. had considered and approved the allotment of 11,66,95,000 (Eleven Crores Sixty Six Lakhs Ninety Five Thousand) Equity Shares having face value of Re. 1/- (Rupee One Only) on a rights basis to the existing equity shareholders of the Company at a price of Re. 1.40/- (Rupee One and Forty Paise Only) per Equity Share in the ratio of 1:1 i.e. 1 (One) Equity Share for every 1 (One) Equity Share held as on the record date i.e. Tuesday, 23rd August, 2022.

The said allotment is pursuant to the LOF and the Basis of Allotment as approved by BSE Limited ("BSE"), the Designated Stock Exchange for the issue.

Consequent to the said allotment, the paid-up Equity Share Capital of the Company shall be 23,33,90,000 Equity shares of Re. 1/- each (fully paid up) amounting to Rs. 23,33,90,000.

Source : Equity Bulls

Keywords

7NRRetail SharesAllotment RightsIssue FundRaising