The Investment Committee / Board of Hinduja Ventures Ltd has on March 14, 2019, accorded its approval (i) to subscribe 2,22,862 equity shares of Rs. 10/- each of Hinduja Leyland Finance Limited (HLFL) offered to the Company on rights basis at a price of Rs.153/- per share (including premium of s.143/- per share) in the proportion of 1 new equity share for every 72 equity shares held i.e. (1:72) in HLFL; and (ii) to subscribe such additional number of equity shares of Rs. 10/- each of HLFL, which may be renounced in favour of the Company by the existing members of HLFL, at a price of Rs. 153/- per share (including premium of Rs. 143 /- per share) pursuant to Letter of Offer dated March 07, 2019.
The Company's shareholding after subscribing to the equity shares offered on rights basis will increase to 1,62,68,907 equity shares (as against 1,60,46,045 equity shares) which would be equivalent to 3.46% on the enhanced equity paid up capital of HLFL ( excluding renunciation portion, if any)
Shares of HINDUJA VENTURES LTD. was last trading in BSE at Rs.353 as compared to the previous close of Rs. 341.8. The total number of shares traded during the day was 744 in over 32 trades.
The stock hit an intraday high of Rs. 355 and intraday low of 341.6. The net turnover during the day was Rs. 260629.