Geojit Financial Services Ltd board approves Rs. 200 crores rights issue

The Board of directors of Geojit Financial Services Limited at its meeting held today, i.e., 13th July 2024, approved the proposal for fund raising for an amount aggregating up to ₹2,00,00,00,000/- (Rupees Two Hundred Crores only) subject to receipt of statutory / regulatory approvals, as may be required under applicable law, by way of issue of equity shares on rights issue basis to the eligible equity shareholders of the Company as on the record date (to be determined and notified subsequently), in accordance with the applicable laws including the Securities and Exchange Board of India (Issue of Capital and Disclosures Requirements) Regulations, 2018 as amended from time to time.

Shares of Geojit Financial Services Limited was last trading in BSE at Rs. 105.45 as compared to the previous close of Rs. 104.90. The total number of shares traded during the day was 64915 in over 902 trades.

The stock hit an intraday high of Rs. 107.70 and intraday low of 103.10. The net turnover during the day was Rs. 6856224.00.

Source : Equity Bulls

Keywords

GeojitFinancialServices INE007B01023 FundRaising RightsIssue INR200Crores