Emerald Leasing Finance & Investment Company Ltd approves prferential issue

The Board of Directors of Emerald Leasing Finance & Investment Company Limited ("the Company") at its meeting held on Wednesday, 13th October, 2022, has, considered and approved the issuance of up to 11,00,000 Equity Shares of Rs. 10/- each to the Investors by way of Preferential Issue, who shall be non-promoters of Company, subject to permission of members.

The board approved convening an Extraordinary General Meeting ("EGM") on Wednesday, 9th November, 2022, in order to seek the approval of the shareholders of the Company and the Board has approved the draft of the notice for same.

The Board has fixed 7th October, 2022 as the cut-off date for the purpose of determining the name of shareholder(s) for the purpose of dispatch of Notice of EGM along with the details of Evoting to the shareholders.

Shares of Emerald Leasing Finance & Investment Company Ltd was last trading in BSE at Rs. 28.50 as compared to the previous close of Rs. 30.00. The total number of shares traded during the day was 27287 in over 248 trades.

The stock hit an intraday high of Rs. 31.90 and intraday low of 27.80. The net turnover during the day was Rs. 800978.00.

Source : Equity Bulls

Keywords

EmeraldLeasingFinanceandInvestmentCompany INE030Q01015 PreferentialIssue NonPromoters FundRaising