Bella Casa Fashion & Retail Ltd fixes Oct 19, 2024 as record date for rights issue

The Rights Issue Committee authorized by the Board of Directors of Bella Casa Fashion & Retail Limited, in their meeting held today i.e., Tuesday, October 15, 2024, had considered and approved the Record Date as Saturday, October 19, 2024 for the purpose of determining the equity shareholders who shall be entitled to receive the Rights Entitlement in the Rights Issue.

Instrument - Fully paid-up Equity Shares of face value of Rs. 10 each

Rights Issue size - 19,12,500 Fully paid-up Equity Shares of Rs. 10/- each aggregating upto an amount of Rs. 49,91,62,500/- in total

Right Entitlement Ratio - 1 (One) Equity Share for every 6 (Six) Fully Paid Equity Shares held by the Existing Shareholders on the record Date

Fractional Entitlement - Right Shares are being offered on a rights basis to existing Eligible Shareholders in the ratio of 1 Right Shares for every 6 Equity Shares held (1:6) as on the Record Date. As per SEBI Rights Issue Circulars, the fractional entitlements are to be ignored.

Rights Issue Price - Rs. 261/- per Rights Equity Share (including a premium of Rs. 251/- per Rights Equity Share).

Record date - Saturday, October 19, 2024, designated for the purpose of determining the equity shareholders entitled to receive the rights entitlement in the Rights Issue.

Rights Issue period

Rights Issue Opening Date: Wednesday, October 30, 2024
Last Date for Market Renunciation: Friday, November 8, 2024
Rights Issue Closing Date: Thursday, November 14, 2024.

Shares of Bella Casa Fashion & Retail Ltd was last trading in BSE at Rs. 577.90 as compared to the previous close of Rs. 590.80. The total number of shares traded during the day was 11999 in over 157 trades.

The stock hit an intraday high of Rs. 595.00 and intraday low of 567.00. The net turnover during the day was Rs. 6856751.00.

Source : Equity Bulls

Keywords

BellaCasaFashionandRetail INE344T01014 FundRaising RightsIssue RecordDate 1For6