Rander Corporation Ltd approves rights for Rs. 50 crores

The Board of Directors of Rander Corporation Ltd at its Meeting held today i.e. Saturday, l5th March, 2025 have, considered and approved the raising of Funds by way of issue of equity shares of the Company of face value Rs. 10/- (Rupees Ten Only) each through Right Issue for an amount not exceeding Rs. 50,00,00,000 (Rupees Fifty Crore Only) to the eligible equity shareholders of the Company as on record date (to be determined by the Board in due course) subject to the receipt of statutory/regulatory approvals, as may be applicable in accordance with the Securities and Exchange Board of India and other applicable law.

For the purpose of giving effect to the Right Issue, the detailed terms to the Right Issue including but not limited to issue price, right entitlement ratio, record date, timing and terms of payment, will be determined in due course by the Board, in accordance with applicable laws, subject to receipt of necessary approvals, as may be required.

Shares of RANDER CORPORATION LTD. was last trading in BSE at Rs. 12.41 as compared to the previous close of Rs. 12.17. The total number of shares traded during the day was 1100 in over 2 trades.

The stock hit an intraday high of Rs. 12.41 and intraday low of 12.41. The net turnover during the day was Rs. 13651.00.

Source : Equity Bulls

Keywords

RANDERCORPORATION INE821D01031 FundRaising RightsIssue