Swiss Military Consumer Goods Ltd allots 3,93,18,798 Equity Shares on rights issue

The Rights Issue Committee of Board of Directors of Swiss Military Consumer Goods Limited at their meeting held on September 18, 2024, had considered and approved the allotment of 3,93,18,798 Equity Shares on rights basis of face value of Rs. 2/- each at an issue price of Rs. 12.50/- per Equity Share (including a premium of Rs. 10.50/- per Equity Share).

The said allotment is made pursuant to the terms set out in the Letter of Offer dated July 25, 2024, and the 'Basis of Allotment' as finalized in consultation with the Alankit Assignments Limited ("Registrar to the Issue"), Turnaround Corporate Advisors Private Limited ("Lead Manager to the Issue") and as approved by BSE Limited ("the Designated Stock Exchange for the Issue").

Consequent to the said allotment, the Paid-up Equity Share Capital of the Company increased from 19,65,93,992 equity shares (Rs. 39,31,87,984/-) to 23,59,12,790 equity shares (Rs. 47,18,25,580/-).

Shares of Swiss Military Consumer Goods Ltd was last trading in BSE at Rs. 35.45 as compared to the previous close of Rs. 36.96. The total number of shares traded during the day was 907339 in over 3642 trades.

The stock hit an intraday high of Rs. 37.30 and intraday low of 34.90. The net turnover during the day was Rs. 32592903.00.

Source : Equity Bulls

Keywords

SwissMilitaryConsumerGoods FundRaising SharesAllotment RightsIssue