KCD Industries India Limited approves 19:7 rights issue

The Board of Directors of KCD Industries India Limited at their meeting held on 15th May 2023 have approved the terms of the proposed Right Issue.

Total number of securities proposed to be issued - 2,71,42,857 partly paid-up Equity Shares

Issue Price - Rs.18/- per Equity share (including a premium of Rs. 17/- per equity share)

Issue Size - Up to Rs. 48,85,71,426/- (Rupees Forty-Eight Crores Eighty Five Lakhs Seventy One Thousand Four Hundred Twenty Six only)

Record Date - 19th May 2023

Right Entitlement Ratio - 19:07 - 19 (Nineteen) Rights Equity Shares having face value of Re. 01/- (Rupee One only) for every 07 (Seven) Equity Share held by the equity shareholders of the Company as on the Record Date with the Right to renounce.

Issue Opening Date - 31st May 2023
Issue Closing Date - 14th June 2023
Last date for Market Renunciation of Rights Entitlement - 09th June 2023

Outstanding Equity Shares:

Prior to Right Issue - 1,00,00,000 Equity Share of Re. 01/- each
Post Right Issue - 3,71,42,857 Equity Share of Re. 01/- each.

Source : Equity Bulls

Keywords

KCDIndustriesIndia RightsIssue FundRaising RecordDate 19For7