MKVentures Capital Ltd to re-file rights issue offer letter for higher amount

The Board of Directors of MKVentures Capital Limited in their meeting held on Friday, January 27th, 2023 at. 10:15 a.m. has considered and approved, the decision to withdraw the Draft Letter of Offer filed with regard to the proposed rights issue of Rs.2500 lakhs and to re-file the new draft letter of Offer with suitable modifications to BSE for seeking fresh in-principle approval.

The board approved the issue of equity shares of Rs.10/- each at a price to be decided on a Rights basis to the existing shareholders for an amount not exceeding Rs.5000 Lakhs.

The board also delegated further authority & powers to the Rights Issue Committee, which was formed at the Board meeting held on December 20, 2022.

Shares of IKAB SECURITIES & INVESTMENT LTD. was last trading in BSE at Rs. 1491.05 as compared to the previous close of Rs. 1424.05. The total number of shares traded during the day was 12007 in over 125 trades.

The stock hit an intraday high of Rs. 1495.25 and intraday low of 1425.25. The net turnover during the day was Rs. 17904109.00.

Source : Equity Bulls

Keywords

MKVenturesCapital INE874A01010 DraftOfferLetter RightsIssue Revised