Markolines Pavement Technologies Ltd approves rights issue terms

The Board of Directors of Markolines Pavement Technologies Limited at its meeting held today i.e. 11th January 2023 at the Registered Office of the Company has considered and approved the terms and condition of rights issue.

Rights Issue Size - The Board has decided and fixed Rs. 4985.87 Lakhs as the Rights Issue Size.

Number of Rights Shares - 29,85,550 Equity Shares.

Rights Issue Price - Rs. 167/- Per Equity Share (Including Re. 157/- Premium per share)

Record Date - Fixed the Record Date on Tuesday, 17th January 2023 for the purpose of determining the eligible shareholders to apply for the Issue.

Terms of Payment - The Issue Price of Rs. 167/- per Rights Equity Share (including a premium ofRs. 157/- Per Rights Equity Share) shall be payable at the time of application.

The Board has approved the Letter of Offer, Abridged Prospectus and approved the appointment of various intermediaries for the Proposed Rights issue of the Company.

Shares of Markolines Pavement Technologies Limited was last trading in BSE at Rs. 158.25 as compared to the previous close of Rs. 157.50. The total number of shares traded during the day was 10400 in over 10 trades.

The stock hit an intraday high of Rs. 162.55 and intraday low of 157.00. The net turnover during the day was Rs. 1646920.00.

Source : Equity Bulls

Keywords

MarkolinesPavementTechnologies INE0FW001016 RightsIssue FundRaising RecordDate