Annvrridhhi Ventures Ltd approves 2:1 rights issue

The Board of Directors of Annvrridhhi Ventures Limited (Formerly known as J. Taparia Projects Limited) at its meeting and Rights Issue Committee meeting held today, have, considered and approved the below mentioned terms of the Rights Issue.

Type of securities proposed to be issued - Fully paid-up Equity shares ("Rights Equity Shares")

Type of issuance - Rights Issue of fully paid-up equity shares

Total number of securities proposed to be issued - 3,24,00,000 equity shares of face value of ₹ 10.00/- each at a premium of ₹ 5.00/- each for an amount aggregating of ₹ 48,60,00,000/-

Issue Price - ₹ 15.00/- per equity shares (including the premium of ₹ 5.00/- per equity shares)

Record Date - Friday, 11th April, 2025 for the purpose of determining the shareholders entitled for Rights Issue ("Eligible Equity Shareholders")

Right Issue Period

Rights Issue Opening Date - Monday, 28th April, 2025
*Last Date for on Market Renunciation of Rights Entitlement - Monday, 5th May, 2025

**Rights Issue Closing Date - Friday, 9th May, 2025

Rights Entitlement Ratio - 2 (Two) equity shares for every 1 (One) equity shares held by the eligible equity shareholders of the company as on the record date with the right to renounce.

Amount payable per rights equity share on application - Face value - ₹ 10.00/-, Premium - ₹ 5.00/-.

Shares of J. Taparia Projects Ltd was last trading in BSE at Rs. 16.92 as compared to the previous close of Rs. 17.70. The total number of shares traded during the day was 33891 in over 194 trades.

The stock hit an intraday high of Rs. 18.48 and intraday low of 16.61. The net turnover during the day was Rs. 587083.00.

Source : Equity Bulls

Keywords

AnnvrridhhiVentures INE075K01013 FundRaising RightsIssue RecordDate