Pacific Industries Limited approves 1:1 rights issue at Rs. 139

At meeting of the board of directors of Pacific Industries Limited held on Thursday, 20th January 2022 approving the offer and issuance of fully paid-up equity shares of the Company(the "Equity Shares") for an amount aggregating upto Rs.48 Crores, by way of a rights issue to the eligible equity shareholders of the Company ("Rights Issue").

The board of directors of the Company at its meeting held today has considered and approved the following terms of the Rights Issue:

Total number of Equity Shares and Rights Issue size: up to 34,46,325 fully paid-up Equity Shares aggregating up to Rs. 47,90,39,175/- (Rs. Forty-Seven Crore Ninety Lakhs Thirty Nine Thousand One Hundred Seventy Five Only)

Rights Issue Price: Rs. 139 per Equity Share (including a premium of Rs. 129 Per Equity Share)

Record Date: Wednesday, 1lth January, 2023

Rights Issue period:

Rights Issue Opening Date: Thursday, 19th January, 2023
Rights Issue Closing Date: Thursday, 02nd February, 2023

Rights Entitlement Ratio: 1:l (One Rights Equity Share for every one fully paid-up Equity Shares held by the Eligible Equity Shareholders of the Company, as on the record date).

Outstanding Equity Shares:

Prior to Right Issue: 34,46,325
Post Right Issue: 68,92,650
* Assuming full subscription

Shares of PACIFIC INDUSTRIES LTD. was last trading in BSE at Rs. 369.70 as compared to the previous close of Rs. 373.50. The total number of shares traded during the day was 1567 in over 52 trades.

The stock hit an intraday high of Rs. 379.75 and intraday low of 366.00. The net turnover during the day was Rs. 581034.00.

Source : Equity Bulls

Keywords

PACIFICINDUSTRIES INE883C01025 RightsIssue FundRaising