Banas Finance Limited fixes April 26, 2024 as record date for rights issue

The Board of Directors of Banas Finance Limited at its meeting held on April 18, 2024 has fixed Friday, April 26, 2024 day as the record date for the purpose of determining the equity shareholders who are entitled to receive the Rights Entitlement in the Rights Issue('Record Date'). Further, in terms of SEBI Circular SEBI/HO/CFD/DIL2 /CIR/P/2020/l 3 dated January 22, 2020, the Company has made necessary arrangement with NSDL and CDSL for the credits of the Rights Entitlements in dematerialized form in the demat account of the eligible equity shareholders as on the Record Date. The Rights Entitlement of the eligible equity shareholders as on the Record Date, shall be credited prior to the issue opening date, in the respective demat account of the eligible equity shareholders.

Right issue Size: 4,80,46,232 Equity Shares face value of Rs.10 each, for an aggregate amount not exceeding Rs. 48,04,62,320.00/- (Rupees Forty Eight Crores Four Lakhs Sixty Two Thousand Three hundred and Twenty Only).

The amount payable per rights equity share of Rs. 10 has to be paid on application.

Right Entitlement Ratio: 1 (One) Rights Equity Share(s) for every 1 (One) fully paid-up Equity Share(s) held by the eligible shareholders ason the record date.

Shares of BANAS FINANCE LTD. was last trading in BSE at Rs. 17.53 as compared to the previous close of Rs. 17.27. The total number of shares traded during the day was 90491 in over 446 trades.

The stock hit an intraday high of Rs. 17.90 and intraday low of 17.23. The net turnover during the day was Rs. 1580886.00.

Source : Equity Bulls

Keywords

BANASFINANCE INE521L01030 RecordDate FundRaising RightsIssue 1For1