Inventure Growth & Securities Ltd fixes July 5, 2024 as record date for rights issue

The Board of Directors of Inventure Growth & Securities Ltd at its meeting held today i.e. on June 25, 2024 has considered and approved the terms of the rights issue:

Right Issue Size: The board has decided and fixed Rs. 4893/- Lakhs as the Right Issue Size.

Right Shares: 21,00,00,000 crore Equity Shares of Rs. 1/- Each.

Right Issue Price: Re. 2.33/ - Per Equity Share (including a premium of Rs. 1.33 per equity share).

Right Entitlement Ratio: 1 (One) new Equity Share for every 4 (Four) existing shares held by the eligible shareholders as on the Record Date as mentioned below.

Fixed record date for the purpose of determining the shareholders who will be eligible to apply for the Issue as Friday, 05th July, 2024 (Record Date);

Term of payment: Full amount has to be paid on the day of application;

ISIN for Right Entitlement: The company has made necessary arrangements with NSDL & CDSL for the credit of the Right Entitlement in dematerialized form in the demat account of the eligible equity shareholders as on the Record Date. The ISIN for such Right Entitlement is INE878H20016. The Right Entitlement of the eligible equity shareholders as on Record Date, shall be credited prior to the issue opening date, in respective demat account of the eligible shareholders under the above-mentioned ISIN.

The Rights Issue is proposed to open on 15th July, 2024 and will close on 13th August, 2024. The last date for market renunciation will be 07th August, 2024. Further, no withdrawal of Application shall be permitted by any Applicant after the Issue Closing Date.

Source : Equity Bulls

Keywords

InventureGrowthandSecurities FundRaising RightsIssue 1For4 RecordDate