Raj Oil Mills Ltd fixes Feb 9, 2023 as record date for 1:1 rights issue

The Rights Issue Committee of the Board of directors of Raj Oil Mills Limited, has, at its meeting held on Friday, February 03, 2023, fixed i.e. Thursday, February 09, 2023 as the Record Date for the purpose of determining the equity shareholders who are entitled to receive the Rights Entitlements Rights Issue of the Company.

Total number of Equity Shares and Rights Issue size: 1,49,88,684 fully paid-up Equity Shares for amount aggregating to Rs. 4,496.61 lakhs.

Rights Issue Price: Rs. 30/- per fully paid-up Equity Share (including a premium of Rs. 20/- per Equity Share).

Rights entitlement ratio: 01 (one) Rights Equity Share for every 01 (one) fully paid-up Equity Share held by the eligible shareholders as on the Record Date.

Record date: February 09, 2023 (Thursday) for the purpose of determining the equity shareholders entitled to receive the rights entitlement in the Rights Issue ("Eligible Equity Shareholders").

Issue Opening Date - Tuesday, February 21, 2023
Last Date for On Market Renunciation of Rights Entitlements# - Monday, March 06, 2023
Issue Closing Date - Monday, March 13, 2023
Finalization of Basis of Allotment (on or about) - Monday, March 20, 2023
Date of Allotment (on or about) - Monday, March 20, 2023
Date of credit (on or about) - Thursday, March 23, 2023
Date of listing (on or about) - Monday, March 27, 2023

Shares of Raj Oil Mills Limited was last trading in BSE at Rs. 56.00 as compared to the previous close of Rs. 55.85. The total number of shares traded during the day was 4424 in over 35 trades.

The stock hit an intraday high of Rs. 56.85 and intraday low of 54.10. The net turnover during the day was Rs. 250393.00.

Source : Equity Bulls

Keywords

RajOilMills INE294G01026 RightsIssue FundRaising RecordDate