Eiko LifeSciences Limited fixes July 7, 2023 as record date for Rights Issue

The Right Issue Committee of the Board of Directors of Eiko LifeSciences Limited at their meeting held today, i.e., Friday, 30th June 2023, which commenced at 4.00 P.M. and ended at 6.45 P.M. have, considered and approved the terms of the Rights Issue:

Instrument: Partly paid-up Equity Shares of face value of ₹ 10 each.

Total number of Partly paid-up Equity Shares and Rights Issue size: 55,44,178 Partly paid-up Equity Shares of ₹ 10/- each aggregating to an amount of ₹ 2,494.88* Lakhs in total.
* Assuming Full Subscription and receipt of all Call Monies with respect to Rights Equity Shares.

Right entitlement ratio: 2 (Two) Equity Share for every 3 (Three) Fully Paid Equity Shares held by the Existing Shareholders on the record.

Rights Issue Price: ₹ 45/- per Rights Equity Share (including a premium of ₹ 35/- per Rights Equity Share). The amount of ₹ 13.50 per Rights Equity Share (including premium of ₹ 10.50) to be paid on Application. Balance to be paid in not more than two calls as determined by our Board at its sole discretion from time to time.

Record date: Friday, July 07, 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: Monday, July 17, 2023
Rights Issue Closing Date: Wednesday, July 26, 2023

Shares of Narendra Investments (Delhi) Ltd was last trading in BSE at Rs. 62.64 as compared to the previous close of Rs. 61.28. The total number of shares traded during the day was 18618 in over 183 trades.

The stock hit an intraday high of Rs. 65.99 and intraday low of 61.00. The net turnover during the day was Rs. 1153812.00.

Source : Equity Bulls

Keywords

EikoLifeSciences INE666Q01016 FundRaising RightsIssue RecordDate