Mishtann Foods Ltd fixes March 20, 2024 as record date for 1:31 rights issue

The Rights Issue Committee of the Board of Directors of Mishtann Foods Limited, has, in its meeting held today, i.e., March 07, 2024, fixed Wednesday, March 20, 2024 as the Record Date for the purpose of determining the eligible equity shareholders who are entitled to receive the Rights Entitlements in the Rights Issue.

Further, the Rights Issue Committee at its meeting held today, i.e., on March 07, 2024, has considered and approved the following terms of the Rights Issue:

Instrument: Fully paid-up Equity Shares of face value of 1/- each.

Total number of Equity Shares and Rights Issue size: Upto Rs. 4990 Lakhs Equity Shares of facevalue of Rs. 1/- each, for an aggregate amount not exceeding Rs. 4990 Laths;
* Assuming full subscription. Subject to finalisation of the Basis of Allotment.

Rights Issue Price: 15/- (Including a premium of 14/-) per Rights Equity Share.

Record Date: Wednesday, March 20, 2024 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:

(a) Rights Issue Opening Date: Tuesday, April 02, 2024; and
(b) Rights Issue Closing Date: Wednesday, April 17, 2024.

Rights entitlement ratio: One (1) Rights Equity Share for every Thirty One (31) fully paid-up Equity Share(s) held On the Record Date held by the Eligible Shareholdersas on the Record Date.

Shares of Mishtann Foods Ltd was last trading in BSE at Rs. 20.17 as compared to the previous close of Rs. 19.56. The total number of shares traded during the day was 4041563 in over 8750 trades.

The stock hit an intraday high of Rs. 20.36 and intraday low of 19.60. The net turnover during the day was Rs. 81421561.00.

Source : Equity Bulls

Keywords

MishtannFoods INE094S01041 FundRaising RightsIssue RecordDate 1For31