Quint Digital Media Ltd allots 2.50 crore shares

The Board of Directors of Quint Digital Media Limited in their meeting held on Tuesday, January 31, 2023, commenced at 3:00 p.m. and concluded at 7:55 p.m. have considered and approved the allotment of 2,50,00,000 fully paid-up equity shares of the Company bearing distinctive numbers from 21969809 to 46969808 having a face value of Rs.10/- (Rupees Ten Only) each in dematerialized form for cash at an issue price of Rs.50/- (Rupees Fifty Only) per equity share including a premium of Rs.40/- (Rupees Forty Only) per equity share, to the respective eligible equity shareholders of the Company and / or renouncee(s) in terms of the letter of offer dated December 7, 2022. These shares shall rank pari passu with the existing equity shares of the Company in all respects.

Consequently, the paid-up capital of the Company has increased from existing Rs. 21,96,98,080 divided into 2,19,69,808 equity shares of Rs. 10 each to Rs. 46,96,98,080 divided into 4,69,69,808 equity shares of Rs. 10 each.

Shares of Quint Digital Media Ltd was last trading in BSE at Rs. 123.55 as compared to the previous close of Rs. 140.85. The total number of shares traded during the day was 46122 in over 761 trades.

The stock hit an intraday high of Rs. 143.65 and intraday low of 115.25. The net turnover during the day was Rs. 5787742.00.

Source : Equity Bulls

Keywords

QuintDigitalMedia INE641R01017 FundRaising SharesAllotment RightsIssue