Rushil Decor Limited allots 41,30,000 warrants

The Fund Raising Committee of the Board of Directors of Rushil Decor Limited has passed a resolution by circulation today i.e. Saturday, December 23, 2023, considered and approved, allotment of 41,30,000 (Forty One Lakh Thirty Thousand) convertible warrants ("Warrants") carrying a right exercisable by the Warrant holder to subscribe to one Equity Share per Warrant to persons belonging to promoter and promoter group and public category by way of preferential allotment at an issue price of Rs. 297/­ (Two Hundred ·and Ninety-Seven only) Per Warrant, after receipt of stipulated amount i.e. 25% of the Warrant Issue Price as subscription amount.

Each of the Warrant, so allotted, is convertible into or exchangeable for one fully paid-up equity share having a face value of Rs. 10/- (Rupee Ten only) of the Company in accordance with. the provisions of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, on payment of the balance consideration i.e. 75% of the Warrant Issue Price from the Allottees within 18 months from the date of allotment of these warrants.

Shares of Rushil Decor Limited was last trading in BSE at Rs. 378.75 as compared to the previous close of Rs. 369.10. The total number of shares traded during the day was 9470 in over 463 trades.

The stock hit an intraday high of Rs. 385.15 and intraday low of 373.45. The net turnover during the day was Rs. 3579299.00.

Source : Equity Bulls

Keywords

RushilDecor INE573K01017 FundRaising ConvertibleWarrants