Hatsun Agro Product Limited allots 71,84,945 shares on rights basis

Pursuant to the finalisation of the basis of allotment of the Rights Issue in consultation with the designated stock exchange, BSE Limited, the Committee, at its meeting held today, i.e., 14th January, 2023, has considered and approved the allotment of 71,84,945 Equity Shares at a price of Rs. 419/- per Equity Share (including a premium of Rs. 418 per Equity Share) ("Allotment").

Further, the offer of 499 Rights Equity Shares have been kept in abeyance by the Company due to a dispute pending before the courts regarding the ownership of the underlying Equity Shares.

Accordingly, pursuant to the Allotment, the paid-up equity share capital of the Company has increased from Rs. 21,55,63,323/- to Rs. 22.27,48,268/-.

Shares of Hatsun Agro Product Limited was last trading in BSE at Rs. 890.75 as compared to the previous close of Rs. 886.60. The total number of shares traded during the day was 993 in over 161 trades.

The stock hit an intraday high of Rs. 896.55 and intraday low of 881.35. The net turnover during the day was Rs. 879423.00.

Source : Equity Bulls

Keywords

HatsunAgroProduct INE473B01035 FundRaising SharesAllotment RightsShares