RSWM Ltd approves 1:1 rights issue, fixes record date

The Rights Issue Committee of the Board of directors of RSWM LIMITED, at its meeting held today (which commenced at 04.15 P.M. and concluded at 05:45 P.M) has, approved the terms and conditions of the Rights Issue.

Instrument: Equity shares having a face value of Rs. 10/- each ("Equity Shares").

Total number of Equity Shares and Rights Issue size: 23550842 (Two Crore Thirty Five Lac Fifty Thousand Eight Hundred and Forty Two) Equity Shares for an amount aggregating up to Rs. 23550.84 lacs (Rupees Twenty Three Thousand Five Hundred Fifty Lac and Eight Four Thousand) (assuming full subscription).

Issue Price: Rs. 100/- (Rupees One Hundred Only) per Equity Share (including a premium of Rs. 90/- (Rupees Ninety Only) per Equity Share).

Rights Entitlement Ratio: One (1) Rights Equity Shares for every One (1) Equity Shares held by the eligible equity shareholders of the Company, as on the record date.

Issue Period:

Friday, 23rd December, 2022
Friday 06th January, 2023

Record Date: For the purpose of deciding equity shareholders entitled to receive the rights entitlement in the Rights Issue, Friday, l6th December, 2022 is fixed as Record Date.

Shares of RSWM Limited was last trading in BSE at Rs. 336.20 as compared to the previous close of Rs. 329.50. The total number of shares traded during the day was 11256 in over 993 trades.

The stock hit an intraday high of Rs. 339.85 and intraday low of 331.20. The net turnover during the day was Rs. 3787776.00.

Source : Equity Bulls

Keywords

RSWM INE611A01016 FundRaising RightsIssue RecordDate