Clara Industries Ltd board approves 2:3 rights issue

The board of directors of Clara Industries Limited ('Board') at its meeting held today January 04, 2023, has considered and approved the Rights Entitlement Ratio to the Eligible Equity Shareholders in the ratio of 2 (Two) Rights Equity Share for every 3 (Three) Equity Shares held on the Record Date through the rights issue to the eligible equity shareholders of the Company (to be determined and informed subsequently), in accordance with applicable laws, including the Securities Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, subject to such approvals, as may be required under the applicable laws ("Right Issue").

Shares of Clara Industries Limited was last trading in BSE at Rs. 197.60 as compared to the previous close of Rs. 208.00. The total number of shares traded during the day was 67500 in over 39 trades.

The stock hit an intraday high of Rs. 207.50 and intraday low of 197.60. The net turnover during the day was Rs. 13423650.00.

Source : Equity Bulls

Keywords

ClaraIndustries INE0JJS01014 Packaging FundRaising RightsIssue 2For3