The Rights Issue Committee Meeting of Genus Prime Infra Ltd in its meeting held today i.e. 15th March, 2019, has considered and approved the terms and conditions of the rights issue.
The committee has fixed the record date for the purpose of determining the shareholders eligible to apply for the Equity Shares in the Rights Issue is Thursday, 28th March, 2019.
The Rights Issue is to be offered at a price of Rs. 3 only per Rights Equity Share (including a premium of Rs.1 only per Rights Equity Share) and the full amount to be paid on application.
The total number of Rights Equity Shares to be issued is 8,52,940 Equity Shares.
The issue of Equity Shares by way of Rights Issue to the eligible shareholders of the Company will raise an aggregate amount of Rs. 25,58,820/-
The Rights Entitlement Ratio is fixed at a ratio of 2:33 (2 Rights Equity Shares for every 33 Equity Shares held) by the eligible shareholders of the Company whose names appear on the Register of Members as at the end of the business hours on the Record Date.
Shares of Genus Prime Infra Ltd. was last trading in BSE at Rs.3.58 as compared to the previous close of Rs. 3.41. The total number of shares traded during the day was 302 in over 4 trades.
The stock hit an intraday high of Rs. 3.58 and intraday low of 3.58. The net turnover during the day was Rs. 1081.