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

| More

Vikas Lifecare Limited to issue 2:5 rights shares at Rs. 1.85 per share

Posted On: 2021-05-17 16:01:10 (Time Zone: UTC)


The Board of Directors of Vikas Lifecare Limited (formerly Vikas Multicorp Limited) at its meeting held today, May 17, 2021 have, considered and approved the terms of the Rights Issue.

The board approved issue of up to 26,53,98,198 fully paid-up Equity Shares of face value of Re. 1/- each for an amount aggregating upto 4909.87 Lakhs. The rights issue ratio is fixed as 2 Equity Shares for every 5 Equity Shares held by the Eligible Equity Shareholders in the Company as on the record date with the right to renounce.

The issue price is Rs. 1.85/- per Rights Equity Share (including premium of Re. 0.85/- per Rights Equity Share. May 21, 2021 is fixed as the record date for the purpose of determining the equity shareholders entitled to receive the rights entitlement in the Rights Issue (“Eligible Equity Shareholders”).

The Rights Issue Opens on May 27, 2021 and closes for subscription on June 10, 2021. Last date for On Market Renunciation of Rights Entitlement will be June 7, 2021.

The Outstanding Equity Shares prior to the Rights Issue is 66,34,95,495 Equity shares of Re. 1/- each and will increased to 92,88,93,693 Equity shares of Re. 1/- each post the issue assuming full subscription.

Shares of Vikas Lifecare Limited was last trading in BSE at Rs. 3.42 as compared to the previous close of Rs. 3.60. The total number of shares traded during the day was 16,75,383 and the deliverable quantity was 11,63,864 shares.

The stock hit an intraday high of Rs. 3.61 and intraday low of Rs. 3.42.


Source: Equity Bulls

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


Other Headlines:

Promoters of Capacite Infraprojects Limited have sold shares worth Rs. 70.56 crores

B L Kashyap and Sons Ltd secures new orders of Rs. 135 crores

CRIISL reaffirms ratings of Thomas Cook India Limited

Ushdev International Ltd consolidated Q4FY21 loss at Rs. 1.90 crore

Simplex Castings Ltd Q4FY21 consolidated PAT at Rs. 9.93 crore

Mallcom India Ltd Board approves final dividend of Rs. 3

Patels Airtemp India Ltd board recommends dividend of Rs. 2.50 for FY21

NTPC Ltd board recommends final dividend of Rs. 3.15

Karur Vysya Bank donates 10 ambulances to TN Health Systems Project in the presence of Honorable CM of Tamil Nadu under CSR initiative

Mallcom India Ltd reports consolidated PAT of Rs. 10.38 crores in Q4FY21

Continental Chemicals Ltd posts Rs. 9.97 lakhs PAT in Q4FY21

Patels Airtemp India Ltd Q4FY21 consolidated net profit slips to Rs. 3.01 crore

NTPC Ltd reports Rs. 4649.49 crores consolidated PAT in Q4 FY2020-21

Craftsman Automation Limited's Ratings upgraded to 'CRISIL A / Stable / CRISIL A1

Apollo Proton Cancer Centre Organises Drive-thru Vaccination Camp

HLV Limited board approves preferential issue to promoter group

Alkem Laboratories receives 2 observations from USFDA for manufacturing facility located at St. Louis, USA

Raj Packaging Industries Ltd Board recommends Final Dividend of 5%

HDFC to sell 3,55,67,724 shares of HDFC ERGO to HDFC Bank Ltd

HDFC Bank to classify Aruna Hotels Ltd's bank account as Standard Account effective Q1 FY2021-22

KDDL Ltd Board approves Dividend of Rs. 1.50

Sheela Foam celebrates 50 years of bringing healthy comfort to your lives

Apollo Hospitals Chennai introduces Sputnik V vaccination

Galaxy Surfactants Ltd. launches their new Homecare brand Galaxy Hearth™

Kernex Microsystems India Ltd Q4FY21 consolidated PAT jumps to Rs. 3.04 crore

Asian Energy Services Ltd reports Rs. 2.57 crore consolidated PAT in Q4FY21

HLV Ltd Q4FY21 loss at Rs. 1.42 crore

Muthoot Capital Services Ltd Q4FY21 PAT slides to Rs. 9.05 crore

Galaxy Bearings Ltd Q4FY21 PAT lower at Rs. 2.01 crore

Shiva Suitings Ltd Q4FY21 loss at Rs. 3.61 lakhs

Raj Packaging Industries Ltd reports net profit of Rs. 68.05 lakhs in Q4 FY2020-21

Nila Infrastructures Ltd Q4FY21 consolidated PAT at Rs. 4.64 crore

Vakrangee Ltd posts Q4FY21 consolidated PAT of Rs. 20.79 crores

ICICI Bank Outlook revised to Stable from Negative, ratings affirmed

CRISIL downgrades rating on long-term bank facilities of BHEL

TIMKEN India Ltd board recommends final dividend of Rs. 1.5

HDFC Bank Ltd board recommends dividend of Rs. 6.50

Birla Cable Ltd Board recommends dividend of Rs. 1

Precot Limited Q4FY21 consolidated PAT at Rs. 29.05 crores

RattanIndia Power Ltd Q4FY21 consolidated PAT at Rs. 39.32 crores

TIMKEN India Ltd posts net profit of Rs. 52.93 crores in Q4FY21

GMR Infrastructure Ltd Q4FY21 consolidated loss at Rs. 723.36 crores

Revathi Equipment Ltd Q4FY21 consolidated loss at Rs. 1.37 crore

Birla Cable Ltd reports net profit of Rs. 6.32 crores in Q4FY21

India Motor Parts and Accessories Ltd board recommends dividend of Rs. 10

ALTBalaji direct subscriptions up 42% year on year

Centrum and BharatPe Set To Create A New Age Bank

K P International Pvt Ltd announces expansion project

Texprocil honours Trident - Gold Trophy in the category of highest global exports

NBCC India Ltd awards EPC order to NCC Ltd


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

disclaimer copyright © 2005 - 2020