Tilak Ventures Limited allots 22,28,48,403 equity shares on rights basis

Pursuant to finalization of the Basis of Allotment of the Rights Issue in consultation with the designated stock exchange, BSE Limited and Registrar to the Issue, the Board of Directors of Tilak Ventures Limited, at its meeting held today, i.e., Thursday, October 17, 2024 has approved the allotment of 22,28,48,403 (Twenty Two Crores Twenty Eight Lakhs Forty Eight Thousand Four Hundred and Three) Fully paid-up Equity Shares of face value of Re.1.00/- (Rupees One Only) per Equity Share at price of Rs.2.20/- (Rupees Two and Twenty Paise Only) per Right Share to the eligible applicants.

Subsequent to the said allotment, the issued, subscribed, and paid-up equity share capital of the Company stands increased from Rs 22,28,48,403 (Rupees Twenty Two Crores Twenty Eight Lakhs Forty Eight Thousand Four Hundred and Three Only) divided into 22,28,48,403 (Twenty Two Crores Twenty Eight Lakhs Forty Eight Thousand Four Hundred and Three) Equity Shares to Rs.44,56,96,806 (Rupees Forty Four Crores Fifty Six Lakhs Ninety Six Thousand Eight hundred and Six Only) divided into 44,56,96,806 (Forty Four Crores Fifty Six Lakhs Ninety Six Thousand Eight hundred and Six) Equity Shares of face value of Rs. 1.00/- (Rupees One Only).

Shares of Tilak Ventures Ltd was last trading in BSE at Rs. 4.23 as compared to the previous close of Rs. 4.41. The total number of shares traded during the day was 300629 in over 897 trades.

The stock hit an intraday high of Rs. 4.41 and intraday low of 4.20. The net turnover during the day was Rs. 1289232.00.

Source : Equity Bulls

Keywords

TilakVentures INE026L01022 FundRaising RightsIssue