The Board of Directors of Ishan Dyes & Chemicals Ltd has, at its meeting held today, has approved the issue of up to 51,81,762 Equity Shares of face value of Rs. 10/- each at an issue price of Rs. 27/- per Equity Share (including premium of Rs. 17/- per Equity Share) aggregating to Rs. 1,399.08 Lakh to all the existing members of the Company on a rights basis ('Rights Issue').
The company has fixed Friday, May 10, 2019 as the record date for the purpose of determining names of shareholders of the Company eligible to apply for the Equity Shares in the proposed Rights Issue of the Company.
Shares of ISHAN DYES & CHEMICALS LTD. was last trading in BSE at Rs.35.6 as compared to the previous close of Rs. 34.55. The total number of shares traded during the day was 1300 in over 14 trades.
The stock hit an intraday high of Rs. 35.6 and intraday low of 33.5. The net turnover during the day was Rs. 45651.