RSWM Ltd allots 2,35,50,842 Rights Equity Shares

The Rights Issue Committee of RSWM Ltd had earlier approved the offer and issue of equity shares of the Company ("Rights Equity Shares") by way of a rights issue to eligible shareholders of the Company as on the record date for an amount aggregating up to Rs. 23,550.84 lakhs in the ratio of 1:1 Rights Equity Shares i.e. One Equity Share for every One Equity Share held by the Eligible Equity Shareholders of the Company ("Issue") in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended and other applicable laws on the record date i.e. 16th December, 2022 which opened for subscription on 23rd December, 2022 and closed on 061h January, 2023.

Pursuant to the finalization of the basis of allotment of the Rights Issue in consultation with the Lead Manager / Registrar to the Issue / Designated Stock Exchange i.e. BSE Limited, tT ("Allotment").

Accordingly, pursuant to the aforesaid Allotment, the paid-up equity share capital of the Company has increased to Rs. 47,101.68 lakhs comprising of 4,71,01,684 equity shares of face value Rs. 10/- each.

Shares of RSWM Limited was last trading in BSE at Rs. 186.20 as compared to the previous close of Rs. 186.85. The total number of shares traded during the day was 2731 in over 237 trades.

The stock hit an intraday high of Rs. 188.15 and intraday low of 184.50. The net turnover during the day was Rs. 507941.00.

Source : Equity Bulls

Keywords

RSWM INE611A01016 FundRaising RightsShares Allotment