Mishtann Foods Ltd board approves Rs. 150 crores rights issue

The board of directors of Mishtann Foods Limited at their meeting held today, i.e. on Saturday, 31st December, 2022, have, discussed and approved the fund raising by way of an issuance of equity shares of face value of Rs.1/- each of the Company to its eligible equity shareholders on a rights basis ("Rights issue") for a value not exceeding Rs. 150 Crores (One hundred and Fifty Crores Rupees Only), subject to receipt of necessary approvals from regulatory authorities, as applicable and in accordance with applicable provisions of the Companies Act, 2013, as amended, SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, and other applicable laws.

Shares of Mishtann Foods Ltd was last trading in BSE at Rs. 9.12 as compared to the previous close of Rs. 9.09. The total number of shares traded during the day was 1482921 in over 2405 trades.

The stock hit an intraday high of Rs. 9.19 and intraday low of 9.09. The net turnover during the day was Rs. 13543529.00.

Source : Equity Bulls

Keywords

MishtannFoods INE094S01041 FundRaising RightsIssue