Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Stock Report

| More

WeP Solutions Limited fixes March 12, 2021 as record date for rights issue

Posted On: 2021-03-04 23:46:45 (Time Zone: Arizona, USA)


The Rights Issue Committee of WeP Solutions Limited in their meeting held on 20th November 2020 had approved the terms of proposed Rights Issue. The Rights Issue Committee on 12th February 2021, approved the Draft Letter of Offer for the proposed Rights Issue for filing with BSE for seeking in-principle approval.

The company received the in-principle approval for the Rights Issue from Bombay Stock Exchange (BSE) on 26th February 2021.

Instrument: Equity shares of Face Value ₹ 10 each ("Rights Equity Shares").

Rights Issue Price: ₹ 10/- per equity share at par

Number of Rights Equity Shares to be issued: 98,68,640 Rights Equity Shares, for an amount aggregating to ₹ 9,86,86,400/- (assuming full subscription).

Rights Entitlement Ratio: 3 Equity Shares for every 8 Equity Shares held by eligible Equity Shareholders of the Company as on the record date.

Record date: The Committee has fixed the record date for the purpose of determining the shareholders who will be eligible to apply in the Rights Issue as Friday, 12th March 2021.

Issue Opening date: Wednesday, 24th March 2021.

Issue Closing date: Monday, 19th April 2021.

The Company has made necessary arrangement with NSDL and CDSL for the credits of the Rights Entitlements in dematerialized form in the demat account of the eligible equity shareholders as on the Record Date. The ISIN of such Rights Entitlement is INE434B20011. The Rights Entitlement of the eligible equity shareholders as on the Record Date, shall be credited prior to the issue opening date, in the respective demat account of the eligible equity shareholders under the aforementioned ISIN.

The Committee further approved the 'Letter of Offer' and the 'Abridged Letter of Offer' to be filed with the Bombay Stock Exchange Limited (BSE) and to be submitted with the Securities and Exchange Board of India (SEBI). The designated Stock Exchange in relation to the Right Issue will be the Bombay Stock Exchange Limited (BSE).

Shares of WEP SOLUTIONS LTD. was last trading in BSE at Rs.21.3 as compared to the previous close of Rs. 21.5. The total number of shares traded during the day was 3470 in over 12 trades.

The stock hit an intraday high of Rs. 21.7 and intraday low of 21.05. The net turnover during the day was Rs. 74442.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com


Other Headlines:

Indiabulls Housing Finance Ltd. ties up with HDFC Ltd. for Co-Lending Partnership

Tejas Networks Ltd Q4FY21 consolidated PAT soars to Rs. 33.55 crore

ICICI Securities Ltd reports Rs. 329.47 crore consolidated PAT in Q4FY21

Phillips Carbon Black Ltd posts consolidated PAT of Rs. 127.73 crores in Q4FY21

Wonderla announces closure of Bangalore Park till May 4

Hero MotoCorp and Gogoro® Inc announce strategic partnership

Three ONGC employees abducted by armed miscreants in Sivasagar, Assam

Indigo Paints Limited board to approve Q3, Q4, FY21 results on May 14, 2021

Coromandel International Ltd board to announce Q4, FY21 results on April 29, 2021

Hathway Cable & Datacom Ltd board to consider FY21 results on April 28, 2021

Seshasayee Paper and Boards Ltd board to approve FY21 results on May 8, 2021

Rossari Biotech Limited allots 30,12,046 Equity Shares at Rs. 996 per share

Ajanta Pharma Ltd board to consider Q4, FY21 results on April 30, 2021

Maruti Suzuki India Ltd introduces New version of RPAS System in Eeco Cargo Variants

KEC International wins New Orders of Rs. 1,245 crores

MTAR Technologies Limited: Ratings upgraded, outlook revised to Positive

ACC unveiled a new range of innovative and sustainable products during COVID-19

Supreme Industries Ltd board to approve dividend, FY21 results on May 3, 2021

Mastek Ltd board to consider final dividend, FY21 results on April 28, 2021

Enkei Wheels (India) Ltd board to announce quarterly results on April 28, 2021

ICICI Securities board recommends final dividend of Rs. 13.50

TCS Named a Leader in the 2021 Gartner Magic Quadrant for Managed Workplace Services, Asia Pacific

Shri Bajrang Alliance Limited's Agro Division now certified under Food Safety Management System

5Paisa Capital Ltd Q4FY21 consolidated net profit surges to Rs. 5.85 crore

Accelya Solutions India Ltd board to consider Q3FY21 results on April 30, 2021

Van Heusen launches new sub-brand 'Denim Labs'

Shriram City Union Finance Ltd board to approve final dividend, FY21 results on April 30, 2021

Larsen & Toubro Infotech Ltd board to conider Q4, FY21 results, dividend on May 4, 2021

Cipla Ltd board to consider Q4, FY21 results, dividend on May 14, 2021

Tata Steel Long Products Ltd Board approves dividend of Rs. 5

Swaraj Engines Limited announces Q4FY21 results

AstraZeneca Pharma India Limited launches Fasenra™

Hero MotoCorp to undertake temporary suspension of manufacturing operations as precautionary measure

Salasar Techno Engineering Ltd receives orders worth Rs. 47.70 crore

Supreme Petrochem Ltd Board to consider FY21 results & Dividend on April 30, 2021

IRDAI imposes penalty of Rs. 25 lacs on SBI General Insurance Company Limited

Tata Steel Long Products Ltd Q4FY21 consolidated PAT soars to Rs. 339.86 crore

Network18 Media & Investments Ltd reports Rs. 39.13 crore consolidated PAT in Q4FY21

Quick Heal Technologies Ltd fixes May 3, 2021 as record date for Buy Back

TV18 Broadcast Ltd reports Q4FY21 consolidated PAT of Rs. 165.88 crore

Swaraj Engines Ltd Board approves dividend of Rs. 50, special dividend of Rs. 19

Blue Dart Express Ltd board to consider Q4, FY21 results, dividend on May 5, 2021

Swaraj Engines Ltd Q4FY21 PAT surges to Rs. 32.56 crore

Narendra Investments Delhi Ltd Q4FY21 PAT up at Rs. 0.35 crore

Nestle India Ltd reports jump in net profit to Rs. 602.25 crore in Q1CY21

Central Bank of India board approves issue of shares at Rs. 17.11

Saregama strikes a long term music deal with Sanjay Leela Bhansali

Nestle India Ltd board declares interim dividend of Rs. 25 for CY2021

TCI Industries Limited approves issue of 107602 NCRPS

Alembic Pharmaceuticals Ltd board to consider Q4, FY21 results on March 31, 2021


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020