DSJ Keep Learning Limited approves 7:9 rights issue

The Rights Issue Committee of the Board of directors of DSJ Keep Learning Limited at its meeting held on 08th May 2024, has considered and approved the following pertaining to the proposed Rights Issue of equity shares of Re 1/- (Rupee One Only) each:

Rights Entitlements Ratio - 7 Rights Equity Share for every 9 Equity shares of the Company held by the eligible equity shareholders as on the record date ("Eligible Equity Shareholders"), with a right to renounce.

Rights Issue Price - Issue price of Re 1/- fully paid-up Equity Share of face value of Re 1/- each issued at Par.

Total number of Equity Shares and Rights Issue size - 6,81,24,036 fully paid-up Equity Shares each for amount aggregating up to Rs 6.81 crore (assuming full subscription with respect to Rights Equity Shares).

Terms of payment - Full amount of Re 1/- Equity share is payable on application by the Eligible Shareholder/ Applicant.

Record Date - Tuesday 14th May 2024 shall be the record date for the purpose of ascertaining the eligible shareholders for the proposed Rights Issue.

Shares of DSJ Keep Learning Limited was last trading in BSE at Rs. 5.41 as compared to the previous close of Rs. 5.16. The total number of shares traded during the day was 70142 in over 16 trades.

The stock hit an intraday high of Rs. 5.41 and intraday low of 5.41. The net turnover during the day was Rs. 379468.00.

Source : Equity Bulls

Keywords

DSJKeepLearning INE055C01020 FundRaising RightsIssue 7For9