Modern Engineering and Projects Limited fixes Aug 26, 2024 as record date for rights issue

The board of directors of Modern Engineering and Projects Limited has approved the terms and conditions of the rights issue.

Rights Issue Size: (One Crore Twenty-Three Lakhs Sixty Thousand Only) Equity Shares of Face Value of Rs. 10/- each, to be issued at Rs. 40/- each (including Premium of Rs. 30/-) for an aggregate amount of up to Rs. (Rupees Forty None Crores Forty-Four Lakhs Only).

Rights Issue Price: Rs. 40/- (Rupees Forty Only) per Equity Share (including premium of Rs. 30/- per Equity Share) payable on application;

Rights Entitlement Ratio: 4 (Four) Equity Shares for every 1 (One) existing Equity Share held by the eligible shareholders as on the record date;

Record Date: The Record date for the purpose of determining the equity shareholders who are entitled to receive the Rights Entitlement in Rights Issue is Monday, August 26, 2024

Issue timeline:

Issue Opening date - Thursday, September 05, 2024
Last date for on Market Renunciation - Wednesday, September 11, 2024
Issue Closing date - Tuesday, September 17, 2024.

Source : Equity Bulls

Keywords

ModernEngineeringandProjects FundRaising RightsIssue RecordDate 4For1