Bodhi Tree Multimedia Ltd board approves rights issue

The Board of directors of Bodhi Tree Multimedia Ltd has approved the issuance of Fully paid-up equity shares of face value of Rs. 10/- each of the Company on rights basis to eligible equity shareholders of the Company as on the record date (to be notified later), of an Issue size of upto Rs. 200 Crores (Rupees Two Hundred Crores Only) ('Rights Issue') in accordance with applicable laws, including the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 ("Rights Issue").

Further, the Board has constituted Rights Issue Committee and authorized its members to decide on the terms and conditions of the Issue, including but not limiting to the final issue size/amount, rights entitlement ratio, the issue price, record date, timing of the rights issue and approval of draft letter of offer, appointment of intermediaries, if required; allotment of shares and other related matters.

Shares of Bodhi Tree Multimedia Limited was last trading in BSE at Rs. 0.56 as compared to the previous close of Rs. 0.58. The total number of shares traded during the day was 255584 in over 118 trades.

The stock hit an intraday high of Rs. 0.60 and intraday low of 0.56. The net turnover during the day was Rs. 145485.00.

Source : Equity Bulls

Keywords

BodhiTreeMultimedia DigitalEntertainment INE0EEJ01015 FundRaising RightsIssue