Transwarranty Finance Ltd fixes Nov 4, 2022 as record date for 1:1 rights issue

The Rights Issue Committee of Transwarranty Finance Limited at its meeting held today (which commenced at 4.00 p.m. and concluded at 4.40 p.m.) on Wednesday, October 26, 2022 have, considered and approved the terms and conditions of the rights issue.

Issue Size: 2,44,60,568 Fully paid-up Equity Shares of Rs. 10 each at Rs.10 per share aggregating to Rs. 2446.06 Lakhs

Issue Price: Rs. 10 per share

Terms of Payment - Rs. 3 per share on Application and Rs. 7 per share on subsequent calls as may be decided by the Board of Directors from time to time.

Ratio: 1 Share for Every 1 Equity Shares held

Issue Opening Date - Tuesday, November 15, 2022

On-Market Renunciation Date - Wednesday, November 23, 2022

Issue Closing Date - Tuesday, November 29, 2022*#

ISIN for Rights Entitlement - INE804H20012
Record Date: Friday, November 4, 2022

Shares of Transwarranty Finance Limited was last trading in BSE at Rs. 10.84 as compared to the previous close of Rs. 10.59. The total number of shares traded during the day was 296 in over 4 trades.

The stock hit an intraday high of Rs. 11.05 and intraday low of 10.25. The net turnover during the day was Rs. 3169.00.

Source : Equity Bulls

Keywords

TranswarrantyFinance INE804H01012 FundRaising RightsIssue 1For1