Amal Ltd fixes Feb 21, 2023 as record date for 24:77 rights issue

The Rights Issue Committee of the Board of directors of Amal Ltd at its meeting held on February 15. 2023, has considered and approved the terms of the proposed Rights Issue of equity shares of Rs. 10/- (Rupees Ten Only) each.

Rights Entitlements Ratio - 24 (Twenty Four) equity share for every 77 (Seventy Seven) Equity shares held by the shareholders as on the Record Date ("Eligible Shareholders"), with a right to renounce

Issue price per Rights Equity Share - Issue price of Rs. 170/- (Rupees One Hundred Seventy Only) (including a premium of Rs. 160 /- (Rupees One Hundred Sixty Only) per Equity Share of face value of Rs. 10/- (Rupees Ten Only) each

Size of the Issue - 29,37,662 [Twenty Nine Lakh Thirty Seven Thousand Six Hundred Sixty Two Only] fully paid-up Equity Shares having face value of Rs. 10/- (Rupees Ten Only) each at an issue price of Rs. 170/- (Rupees One Hundred Seventy Only) (including a premium of Rs. 160/-) aggregating to Rs. 49,94,02,540/- (Rupees Forty Nine Crore Ninety Four Lakh Two Thousand Five Hundred Forty Only).

Terms of payment - Full amount of Rs. 170/- (Rupees One Hundred Seventy Only) per Equity Share is payable on application by the Eligible Shareholder / Applicant.

The payment towards each Rights Equity Share will be applied as under:
Rs. 10/- (Rupees Ten Only) towards share capital; and
Rs. 160/- (Rupees One Hundred Sixty Only) towards securities premium

Record Date - February 21, 2023 shall be the record date for the purpose of ascertaining the eligible equity shareholders for the proposed Rights Issue.

Shares of AMAL LTD. was last trading in BSE at Rs. 233.00 as compared to the previous close of Rs. 233.95. The total number of shares traded during the day was 1566 in over 63 trades.

The stock hit an intraday high of Rs. 242.00 and intraday low of 232.10. The net turnover during the day was Rs. 370815.00.

Source : Equity Bulls

Keywords

Amal FundRaising RightsIssue RecordDate 24For77