Panth Infinity Ltd approves rights issue

The Board of Directors of Panth Infinity Ltd at its meeting held on Tuesday, the 18th October, 2022, has considered and approved the proposal of raising of funds through issuance and allotment of equity shares of face value of Rs.10/- each ('Equity Shares') for an aggregate amount of up to Rs. 20,00,00,000/- (Rupees Twenty Crores only), on Rights basis on such terms (as decided by the Board of Directors or a duly constituted committee of the Board of Directors at a later date) to the eligible equity shareholders of the Company, as on the record date.

The board also decided to Increase Authorised Share Capital of the Company subject to necessary approvals.

Shares of Panth Infinity Ltd was last trading in BSE at Rs. 12.59 as compared to the previous close of Rs. 12.84. The total number of shares traded during the day was 177061 in over 883 trades.

The stock hit an intraday high of Rs. 12.84 and intraday low of 12.20. The net turnover during the day was Rs. 2216128.00.

Source : Equity Bulls

Keywords

PanthInfinity INE945O01019 FundRaising RightsIssue