Sharanam Infraproject and Trading Ltd approves 3:2 rights issue

The Board of Directors of Sharanam Infraproject and Trading Limited in its meeting held today i.e. Tuesday, 04th October, 2022 at 1:00 P.M. and concluded at 05:15 P.M. has considered and approved the issuance of approximately 7,50,01,500 (Seven Crore Fifty Lakhs One Thousand Five Hundred) Equity Shares of the company having face value of Rs. 1/- each by way of right issue in the ratio of 3 equity shares for every 2 fully paid-up equity shares held by existing equity shareholders of the company as on record date at such terms and conditions as may be decided by the Board or a duly constituted committee of the Board, subject to receipt of necessary approvals, if and as may be required.

Source : Equity Bulls

Keywords

SharanamInfraprojectandTrading RightsIssue FundRaising 3For2