Mangalam Industrial Finance Ltd fixes Jan 29, 2024 as record date for 21:163 rights issue

The Board of Directors of Mangalam Industrial Finance Limited in their meeting held today i.e. Wednesday, January 17, 2024 have considered and approved the terms and conditions of the rights issue.

Rights Issue Size: 12,38,92,721 (Twelve Crore Thirty-Eight Lakhs Ninety-Two Thousand Seven Hundred Twenty-one) Equity Shares of Face Value of Rs. 1/- each, for an aggregate amount Rs. 48,93,76,248 (Rupees Forty-Eight Crore Ninety-Three Lakhs Seventy-Six Thousand Two Hundred Forty-Eight Only).

Rights Issue Price: Rs. 3.95 (Rupees Three and Paisa Ninety-Five Only) per Equity Share (including premium of Rs. 2.95 per Equity Share) payable on application.

Rights Entitlement Ratio: 21 (Twenty-one) Equity Shares for every 163 (One Hundred Sixty-Three) existing Equity Shares held by the eligible shareholders as on the record date.

Issue timeline:

Issue Opening date Monday, February 12, 2024
Last date for on Market Renunciation Tuesday, February 20, 2024
Issue Closing date Monday, February 26, 2024

Record Date: The Record date for the purpose of determining the equity shareholders who are entitled to receive the Rights Entitlement in Rights Issue is Monday, January 29, 2024.

ISIN for Right Entitlement: The Company has made necessary arrangements with NSDL and CDSL for the credits of the Rights Entitlement in dematerialized form in the demat account of the eligible equity shareholders as on the Record date.

Shares of Mangalam Industrial Finance Ltd was last trading in BSE at Rs. 5.24 as compared to the previous close of Rs. 5.51. The total number of shares traded during the day was 3721100 in over 2802 trades.

The stock hit an intraday high of Rs. 5.24 and intraday low of 5.24. The net turnover during the day was Rs. 19498564.00.

Source : Equity Bulls

Keywords

MangalamIndustrialFinance INE717C01025 FundRaising RightsIssue RecordDate 21For163