IFL Enterprises Ltd fixes May 17, 2024 as record date for 1:2 rights issue

The Board of Directors of the IFL Enterprises Limited in its meeting held on Wednesday, May 08, 2024, at the Registered office of the Company situated at Office No. 412, 4th floor Shilp Zaveri, Samruddhi Soc., Nr. Shyamal cross Road, Satellite, Ahmedabad, 380015 has considered and approved the following terms of the Right Issue:

Record Date - Friday, May 17th, 2024 for the purpose of determining the shareholders entitled for Rights Issue ("Eligible Equity Shareholders")

Total number of Equity Shares and Rights Issue size: 12,50,68,156 Equity Shares of face value of Rs. 1.00/- each aggregation upto INR 4952.69 /- Lakhs

Rights Issue Price: INR 3.96/- per share

Rights entitlement ratio - One (1) rights equity share(s) for every Two (2) fully paid-up Equity Share held by the eligible shareholders as on the Record Date

Rights Issue Opening Date - Monday, 27th May, 2024
Last Date for on Market Renunciation of Rights Entitlement * - Thursday, 20th June, 2024
Right Issue Closing Date** - Tuesday, 25th June, 2024

Source : Equity Bulls

Keywords

IFLEnterprises FundRaising RightsIssue 1For2 RecordDate