Moongipa Capital Finance Ltd fixes Dec 3, 2024 as record date for 2:1 rights issue

The Right Issue Committee of the Board of Directors of Moongipa Capital Finance Limited at their meeting held today i.e. November 27, 2024, has approved the following terms and conditions:

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

Rights Issue Shares: 61,09,600 (Sixty-One Lakh Nine Thousand and Six Hundred) Fully Paid-up Equity Shares of the face value of Rs. 10/- each.

Rights Issue Price: Rs. 25/- (Rupees Twenty-Five Only) per Rights Equity Share (including premium of Rs. 15/- each) payable on application.

Rights Issue Size: Rs. 15,27,40,000/- (Rupees Fifteen Crore Twenty-Seven Lakh and Forty Thousand Only) in total, considering the amount payable on application.
*Assuming full subscription with respect to Rights Equity Shares.

Rights Entitlement Ratio: 2 (Two) Rights Equity Share for every 1 (One) Equity Shares held by eligible shareholders as on the Record Date.

Record date: For the purpose of determining the shareholders eligible to apply for the equity shares in the Rights Issue as Tuesday, December 03, 2024 ("Record Date").

Rights Issue Schedule:

Issue Opening Date - Thursday, 12 December, 2024
Issue Closing Date* - Friday, 27 December, 2024
Last date for on market renunciation - Monday, 23 December, 2024.

Shares of MOONGIPA CAPITAL FINANCE LTD. was last trading in BSE at Rs. 54.33 as compared to the previous close of Rs. 51.75. The total number of shares traded during the day was 35135 in over 57 trades.

The stock hit an intraday high of Rs. 54.33 and intraday low of 51.75. The net turnover during the day was Rs. 1908423.00.

Source : Equity Bulls

Keywords

MOONGIPACAPITALFINANCE INE153K01018 FundRaising RightsIssue RecordDate 2For1