RPSG Ventures Limited approves private placement of equity shares

The Board of Directors of RPSG Ventures Limited, at its meeting held today, i.e., January 17, 2024 has, approved issuance of upto 35,75,000 equity shares of the Company having face value of Rs. 10 each ("Equity Shares") at a price of Rs. 795 (Rupees Seven Hundred and Ninety Five only) (including a premium of Rs. 785) per Equity Share, aggregating to Rs. 2,84,21,25,000 (Rupees Two Hundred Eighty Four Crore Twenty One Lakh and Twenty Five Thousand only) to Rainbow Investments Limited and Integrated Coal Mining Limited (together, the "Proposed Allottees") on private placement basis, for cash consideration ("Preferential Allotment") in accordance with applicable law including Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, Companies Act, 2013, each as amended, and subject to statutory and regulatory approvals, appropriate sanctions and permissions including approval of the Members' of the Company.

Shares of RPSG VENTURES LIMITED was last trading in BSE at Rs. 819.15 as compared to the previous close of Rs. 814.15. The total number of shares traded during the day was 18654 in over 1310 trades.

The stock hit an intraday high of Rs. 845.25 and intraday low of 805.15. The net turnover during the day was Rs. 15408969.00.

Source : Equity Bulls

Keywords

RPSGVENTURES INE425Y01011 SharesIssue FundRaising