Heritage Foods Ltd fixes Jan 20, 2023 as record date for 1:1 rights issue

The Board of Directors of HERITAGE FOODS LIMITED had earlier considered and approved the issue of 4,63,98,000 equity shares of face value of Rs. 5 each for cash at a price of Rs. 5 per Rights Equity Share for an amount aggregating to Rs. 2319.90 lakhs in the ratio of 1:1 by way of Rights Issue basis to the existing shareholders of the Company as on the record date.

The Board of Directors of the Company at their meeting held on today i.e. January 13, 2023 has fixed Friday, 20th January, 2023 as the record date to determine the shareholders eligible for the rights issue.

Rights Issue period:

Rights Issue opening Date : Monday, 30th January, 2023
*Last Date for On-Market Renunciation of Rights Entitlements : Wednesday, 8th February, 2023
#Rights Issue Closing Date: Monday, 13th February, 2023

Outstanding equity shares:

Prior to the issue: 4,63,98,000
Post rights issue: 9,27,96,000 (Assuming full subscription)

Shares of Heritage Foods Limited was last trading in BSE at Rs. 359.20 as compared to the previous close of Rs. 357.55. The total number of shares traded during the day was 4802 in over 372 trades.

The stock hit an intraday high of Rs. 361.35 and intraday low of 355.35. The net turnover during the day was Rs. 1724883.00.

Source : Equity Bulls

Keywords

HeritageFoods INE978A01027 FundRaising RightsIssue 1For1 RecordDate