Rushil Decor Limited approves 1:3 rights issue at Rs. 162 per share

The Fund Raising Committee of Rushil Decor Limited at its meeting held today, i.e. on April 8, 2023, has considered and approved the terms and conditions of the Rights Issue.

Instrument: Fully paid-up Equity Shares of face value of Rs. 10/- each.

Total number of Equity Shares and Rights Issue size: 66,35,421# Equity Shares of face value of Rs. 10 each, for an aggregate amount not exceeding Rs. 10,749.38 Lakhs;
# Assuming full subscription. Subject to finalisation of the Basis of Allotment.

Rights Issue Price: Rs. 162/- (Including a premium of Rs. 152/-) per Rights Equity Share.

Record Date: Thursday, April 13, 2023 designated for the purpose of determining the equity shareholders entitled to receive the rights entitlement in the Rights Issue ("Eligible Equity Shareholders");

Rights Issue Period:

Rights Issue Opening Date: Tuesday, May 2, 2023; and
Rights Issue Closing Date: Friday, May 12, 2023.

Rights entitlement ratio: Upto one (01) Rights Equity Share for every three (03) fully paid-up Equity Share(s) held on the Record Date held by the Eligible Shareholders as on the Record Date.

Shares of Rushil Decor Limited was last trading in BSE at Rs. 283.90 as compared to the previous close of Rs. 283.00. The total number of shares traded during the day was 7982 in over 439 trades.

The stock hit an intraday high of Rs. 290.25 and intraday low of 277.65. The net turnover during the day was Rs. 2275736.00.

Source : Equity Bulls

Keywords

RushilDecor INE573K01017 FundRaising RightsIssue 1For3