Ducon Infratechnologies Limited fixes Aug 30, 2024 as record date for 1:4 rights issue

The Board of Directors of Ducon Infratechnologies Limited at its meeting held on today has considered and approved the following terms of the Rights Issue:

Type of security: Equity Share

Type of Issuance: Rights Issue - Fully paid-up equity shares

Total number of Equity Shares proposed to be issued and Rights Issue size: 6,49,85,118 (Six Crores Forty-nine Lakhs Eighty-Five Thousands One Hundred & Eighteen ) fully paid-up Equity Shares aggregating to Rs. 4548.96 Lakhs*

Rights Issue Price: Rs. 7/- per Equity Share (including a premium of Rs.6/- per Equity Share);

Record Date: Friday, August 30, 2024;

Rights Issue period:

Rights Issue Opening Date: Tuesday, September 17, 2024

Įast date for on Market Renunciation for Rights Entitlement - Thursday, September 19, 2024

Rights Issue Closing Date: Tuesday, September 24, 2024*

Outstanding Equity Shares:

Prior to Right Issue: 25,99,40,469

Post Right Issue: 32,49,25,587

Rights Entitlement Ratio: 1:4 (One Rights Equity Share for every Four fully paid-up Equity Shares held by the Eligible Equity Shareholders of the Company, as on the Record Date).

Shares of Ducon Infratechnologies Limited was last trading in BSE at Rs. 10.61 as compared to the previous close of Rs. 9.65. The total number of shares traded during the day was 1251653 in over 2183 trades.

The stock hit an intraday high of Rs. 10.61 and intraday low of 9.60. The net turnover during the day was Rs. 12919674.00.

*Assuming full subscription of Equity Shares

Source : Equity Bulls

Keywords

DuconInfratechnologies INE741L01018 FundRaising RightsIssue RecordDate 1For4