Geojit Financial Services Ltd approves 1:6 rights issue at Rs. 50 per share

The Rights Issue Committee of Geojit Financial Services Limited in its meeting held today, i.e., Thursday, September 19, 2024 has approved the rights issue price and entitlement ratio.

Rights Issue Price: Rs. 50 per equity share (including a premium of Rs. 49 per equity share over face value of Re. 1 per equity share); and

Rights entitlement ratio: one equity share for every six equity shares held by eligible equity shareholders of the Company as on the record date. i.e., ratio of 1:6.

Shares of Geojit Financial Services Limited was last trading in BSE at Rs. 152.70 as compared to the previous close of Rs. 162.85. The total number of shares traded during the day was 113711 in over 2230 trades.

The stock hit an intraday high of Rs. 164.25 and intraday low of 146.60. The net turnover during the day was Rs. 17489351.00.

Source : Equity Bulls

Keywords

GeojitFinancialServices INE007B01023 FundRaising RightsIssue EntitlementRatio Price