Shree Ganesh Remedies Ltd allots partly paid shares on rights basis

Pursuant to finalization of the Basis of Allotment of the Rights Issue in consultation with the designated stock exchange, i.e., BSE Limited ("BSE"), Lead Manager and Registrar to the Issue, the Members of the Rights Issue Committee of Shree Ganesh Remedies Limited, at its meeting held today, i.e., February 28, 2023 has approved the allotment of 8,40,471 (Eight Lakhs Forty Thousand Four Hundred and Seventy One only) partly paid-up Equity Shares of face value of Rs.10/- (Rupees Ten Only) per Equity Share to the eligible applicants at an Issue price of Rs. 225/- (Rupees Two Hundred and Twenty-Five Only) per Right Share and Rs. 135/- (Rupees One Hundred and Thirty-Five Only) paid on applications.

Subsequent to the said allotment, the issued, subscribed, and paid-up equity share capital of the Company shall stand as follows:

1,20,06,727 Fully Paid-up Equity Shares of face value of ₹ 10/- each - Rs. 12,00,67,270/-

8,40,471 Partly Paid-up Equity shares of face value of ₹ 10/- each (Rs. 6/- Partly Paid) - Rs. 50,42,826/-

Shares of Shree Ganesh Remedies Ltd was last trading in BSE at Rs. 268.30 as compared to the previous close of Rs. 258.10. The total number of shares traded during the day was 13234 in over 543 trades.

The stock hit an intraday high of Rs. 284.00 and intraday low of 255.00. The net turnover during the day was Rs. 3545344.00.

Source : Equity Bulls

Keywords

ShreeGaneshRemedies INE414Y01015 Pharmaceuticals FundRaising RightsIssue PartlyPaidUpShares