Pacific Industries Ltd allots 34,46,325 shares on rights basis

Pursuant to the finalisation of the basis of allottent of the Rights Issue, in consultation with the designated stock exchange, BSE Limited, the Board, at its meeting held today, i.e.. Tuesday, February 21, 2023, considered and approved the allotment of 34,46,325 Equity Shares at a price of Rs. 139/- per Equity Share (including a premium of 129 per Equity Share) ("Allotment").

Further, the offer of NIL Rights Equity Shares have been kept in abeyance by the Company due to a dispute pending before the courts regarding the ownership of the underlying Equity Shares.

Accordingly, pursuant to the Allotment, the paid-up equity share capital of the Company has increased from Rs. 3,44,63,250/- to Rs. 6,89,26,500/-.

Shares of PACIFIC INDUSTRIES LTD. was last trading in BSE at Rs. 168.50 as compared to the previous close of Rs. 171.35. The total number of shares traded during the day was 1446 in over 34 trades.

The stock hit an intraday high of Rs. 175.30 and intraday low of 166.25. The net turnover during the day was Rs. 247524.00.

Source : Equity Bulls

Keywords

PACIFICINDUSTRIES INE883C01025 SharesAllotment RightsIssue