Shalimar Paints Ltd has fixed the right entitlement ratio as 6:32 (Six right equity shares for every Thirty Two equity shares held) by the eligible shareholders of the Company whose names appear on the Registers of Members or list of Depositories as members of beneficial owners, as at the end of the business hours on the Record date.
The rights issue is to be offered at a price of Rs. 140 only per right equity share (including a premium of Rs. 138 only per right equity share) and the full amount is to be paid on application.
The total number of equity shares to be issued is 3552370 equity shares.
The record date for the purpose of determining the shareholders eligible to apply for the Equity shares in the Rights Issue is Friday, 29th day of December, 2017.
Shares of SHALIMAR PAINTS LTD. was last trading in BSE at Rs.202 as compared to the previous close of Rs. 197.05. The total number of shares traded during the day was 21077 in over 626 trades.
The stock hit an intraday high of Rs. 207 and intraday low of 197.15. The net turnover during the day was Rs. 4218417.