Alan Scott Industriess Limited approves 1:1 rights issue

The Board of Directors of Alan Scott Industriess Limited in its meeting held today, 18th November, 2022 has decided to offer / issue 18,25,377 Equity Shares of Rs. 10/- each to the existing members / shareholders of the Company on rights basis at a premium of Rs.20/- per share (i.e. at Rs.30/- per share) in ratio of one right share for every one share held and formed a Committee of Directors to complete necessary formalities in connection with the Rights Issue.

Shares of Alan Scott Industries Ltd was last trading in BSE at Rs. 58.15 as compared to the previous close of Rs. 55.40. The total number of shares traded during the day was 1994 in over 16 trades.

The stock hit an intraday high of Rs. 58.15 and intraday low of 58.15. The net turnover during the day was Rs. 115951.00.

Source : Equity Bulls

Keywords

AlanScottIndustries INE273F01022 RightsIssue FundRaising 1For1