Patel Integrated Logistics Ltd fixes Sep 6, 2024 as record date for rights issue

The Rights Issue Committee of the Board of Directors of Patel Integrated Logistics Ltd, at its meeting held today i.e. 28th August, 2024 has considered and approved the following terms of the proposed Rights Issue:

Instrument: Fully paid-up equity shares of face value of Rs. 10/- each

Total Number of Equity shares and Rights Issue Size: 50,00,000 Equity Shares of face value of Rs.10 each, for an aggregate amount not exceeding Rs. 9 Crores

Rights Issue Price: Rs.18/- per Equity Share (inclusive of securities premium of Rs.8/-)

Record Date: Friday, 06th September, 2024

Rights Issue Period:

Rights Issue Opening Date: Thursday, 19th September, 2024;
Rights Issue Closing Date: Tuesday, 01st October, 2024
On-Market renunciation period: Thursday, 19th September, 2024 to Thursday, 26th September, 2024.

Outstanding Equity Shares:

Prior to the Rights Issue: 6,45,85,746 fully paid equity shares of the company.

*Post Rights Issue: 6,95,85,746 fully paid equity shares of the company.

*Assuming full subscription.

Rights entitlement ratio: Eight (8) Rights equity share(s) for every One Hundred and Three (103) fully paid up equity shares held by eligible shareholder as on record date.

Shares of Patel Integrated Logistics Limited was last trading in BSE at Rs. 25.38 as compared to the previous close of Rs. 26.08. The total number of shares traded during the day was 124851 in over 740 trades.

The stock hit an intraday high of Rs. 27.00 and intraday low of 25.17. The net turnover during the day was Rs. 3246777.00.

Source : Equity Bulls

Keywords

PatelIntegratedLogistics INE529D01014 FundRaising RightsIssue RecordDate 8For103