Quint Digital Media Ltd fixes Dec 22, 2022 as record date for 42:37 rights issue

The Board of Directors of Quint Digital Media Limited in their meeting held today i.e. Wednesday, December 7, 2022, commenced at 05:00 p.m. and concluded at 06:18 p.m., have considered and approved the terms and conditions of the rights issue.

The company has approved the issue of fully paid-up equity shares of face value of Rs. 10 each ("Rights Equity Shares"). The Rights Issue size is up-to 2,50,00,000 Rights Equity Shares of Rs. 10 each at an issue price of Rs. 50 aggregating up-to Rs. 1,25,00,00,000/-.

The rights entitlement ratio is 42 (Forty-Two) Rights Equity Shares for every 37 (Thirty-Seven) fully paidup equity shares held by the eligible shareholders of the Company as on the Record Date.

The issue price of Rs. 50/- per Rights Equity Share is payable on application.

The Issue Opening Date is January 9, 2023 and Issue Closing Date is January 24, 2023.

The record date is fixed as Thursday, December 22, 2022, for the purpose of determining the equity shareholders entitled to receive the rights entitlement in the Rights Issue ("Eligible Equity Shareholders").

Shares of Quint Digital Media Ltd was last trading in BSE at Rs. 336.75 as compared to the previous close of Rs. 337.10. The total number of shares traded during the day was 5868 in over 149 trades.

The stock hit an intraday high of Rs. 348.85 and intraday low of 335.50. The net turnover during the day was Rs. 1999568.00.

Source : Equity Bulls

Keywords

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