Sprayking Agro Equipment Ltd approves 1:1 rights issue

The Board of Directors of Sprayking Agro Equipment Limited, at their meeting held today, i.e. January 27, 2023 (Commencement time 3:30 AM and Conclusion time 7:00 PM) have considered and approved the terms of the Rights Issue.

Rights Issue Size and Price: Approved the issue of 31,72,769 equity shares of face value of Rs. 10 each, for an aggregate amount of Rs.1,396.02 lakhs

Rights Entitlement Ratio: 1 (One) Right Equity Shares for every 1 (One) Existing Equity Shares held by the eligible shareholders as on the record date.

Fractional Entitlement: The Rights Equity Shares are being offered on a rights basis to existing Eligible Equity Shareholders in the ratio of One (1) Rights Equity Shares for every One (1) Equity Shares held as on the Record Date. As per SEBI Rights Issue Circular, the fractional entitlements are to be ignored.

Rights Issue Price: Rs. 44/- Per Equity Share, including a premium of Rs. 34/- per Equity Share.

Terms of Payment: The full amount is payable on application.

Record Date: Thursday, February 02, 2023 for the purpose of determining the equity shareholders entitled to receive the rights entitlement in the Rights Issue ("Eligible Equity Shareholders")

Rights Issue Period:

Rights Issue Opening Date: Monday, February 13 2023
Last Date For Market Renunciation : Tuesday, February 14 2023
Rights Issue Closing Date: Monday, February 20, 2023

Source : Equity Bulls

Keywords

SpraykingAgroEquipment FundRaising RightsIssue RecordDate 1For1