Gretex Corporate Services Ltd approves 1:8 rights issue, fixes record date

The Board of Directors of Gretex Corporate Services Ltd at its meeting held today i.e. on August 17, 2023 has considered and approved the terms and conditions of the rights issue:

Right Shares: 12,79,513 Equity Shares of Rs. 10.00 Each (Face Value)

Right Issue Price: Rs. 210.00 per Equity Share (including a premium of Rs. 200.00 per equity share).

Right Entitlement Ratio: One (1) Right Equity Share for Every Eight (8) Fully Paid-Up Equity Shares

Record Date - The record date for the purpose of determining the shareholders who will be eligible to apply for the Issue: Wednesday, August 23, 2023 (Record Date);

Term of payment: Full amount has to be paid on the day of application;

Current Lot Size of the Company: 720 Shares per Lot

Lot Size determined for Trading in REs: 90 Shares per Lot

ISIN fer Right Entitlement: The company has made necessary arrangements with NSDL & CDSL for the credit of the Right Entitlement in dematerialized form in the demat account of the eligible equity sharcholders as on the Record Date. The ISIN for such Right Entitlement is INE650L20011. The Right Entitlement of the eligible equity shareholders as on Record Date, shall be credited prior to the issue opening date, in respective demat account of the eligible shareholders under the above-mentioned ISIN.

The Rights Issue is proposed to open on Wednesday, August 30, 2023 and will close on Friday, September 06, 2023*. The last date for market renunciation will be Wednesday, September 01, 2023.

Shares of Gretex Corporate Services Limited was last trading in BSE at Rs. 271.00 as compared to the previous close of Rs. 271.00. The total number of shares traded during the day was 720 in over 1 trades.

The stock hit an intraday high of Rs. 271.00 and intraday low of 271.00. The net turnover during the day was Rs. 195120.00.

Source : Equity Bulls

Keywords

GretexCorporateServices INE199P01028 CapitalMarketRelatedServices FundRaising RightsIssue