Franklin Industries Ltd fixes May 13, 2024 as record date for rights issue

The Rights Issue Committee of the Board of directors of Franklin Industries Limited at its meeting held on Tuesday, 7th May 2024, have considered and approved the following terms of the Right Issue:

1. Total number of Equity Shares and Rights Issue size: 10,84,50,000 Fully paid-up Equity Shares of ₹ 1/- (Rupees One Only) each at an issue price of ₹ 3.58/- (Rupees Three and Fifty Eight Paisa Only) per equity share aggregating to ₹ 38,82,51,000/-

2. Right Issue Price: ₹ 3.58 per fully paid-up Equity Shares (including a premium of ₹ 2.58 per Equity Share).

3. Right Entitlement Ratio: 3 (Three) new Right Shares for every 1 (One) Existing Equity Shares held by the eligible shareholders as on the Record Date as mentioned below.

4. Record Date: Fixed the Record Date on Monday 13th May, 2024 for the purpose of determining the eligible shareholder to apply for the Right Issue.

5. Right Issue Period:

Issue Opening Date: Friday, 24th May,2024
Issue Closing Date: Tuesday, 11th June, 2024

6. Terms of Payment: The Issue Price of Rs. 3.58/- per Equity Share shall be payable at the time of application.

7. Outstanding of Equity Shares :

Prior to the Right Issue: 3,61,50,000 Equity Shares
Post Right Issue#: 14,46,00,000 Equity Shares
# assuming full subscription

8. ISIN for Rights Entitlement: ISIN for RE - INE789R20014

Source : Equity Bulls

Keywords

FranklinIndustries FundRaising RightsIssue 3For1