IGC Industries Ltd fixes Oct 18, 2024 as record date for 29:2 rights issue

The Board of Directors of IGC Industries Limited, in their Adjourned meeting held on 15th October 2024, have considered and approved the 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: 3,24,80,000 (Three Crore Twenty Four Lac Eighty Thousand) fully paid-up Equity Shares aggregating to Rs. 42,22,40,000 * (Rupees Forty Two Crores Twenty Two Lac Forty Thousand Only); *Assuming full subscription of Equity Shares

Rights Issue Price: Rs. 13/- per share.

Record Date: 18th October 2024

RE ISIN: INE099S20016

Rights Issue period:

Rights Issue Opening Date: Monday, November 04, 2024

Last date for on Market Renunciation for Rights Entitlement: Tuesday, November 12, 2024

Rights Issue Closing Date: Monday, November 18, 2024*

* Our Board or a duly authorized committee thereof will have the right to extend the Issue period as it may determine from time to time but not exceeding 30 (thirty) days from the Issue Opening Date (inclusive of the Issue Opening Date). Further, no withdrawal of Application shall be permitted by any Applicant after the Issue Closing Date.

Terms of the Rights Issue (including fractional and zero entitlements): To be included in the Letter of Offer to be filed by the Company

Rights Entitlement Ratio: 29:2 (Twenty Nine Equity Share for every Two fully paid-up Equity Shares held by the Eligible Equity Shareholders of the Company, as on the Record Date);

Shares of IGC Industries Ltd was last trading in BSE at Rs. 30.78 as compared to the previous close of Rs. 33.26. The total number of shares traded during the day was 26141 in over 151 trades.

The stock hit an intraday high of Rs. 33.90 and intraday low of 29.41. The net turnover during the day was Rs. 794376.00.

Source : Equity Bulls

Keywords

IGCIndustries INE099S01016 FundRaising RightsIssue 29For2 RecordDate