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

| More

Kesoram Industries Ltd board approves 133:274 rights issue

Posted On: 2021-09-13 09:12:26 (Time Zone: UTC)


The Board of Directors of Kesoram Industries Ltd at its meetings held on May 14, 2021 and August 12, 2021 had approved the offer and issue of partly paid up equity shares ("Rights Equity Shares") of the Company by way of a rights issue, for an aggregate amount of up to Rs. 400 crores in accordance with the provisions of the Companies Act, 2013, rules made thereunder, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended and other applicable laws), (the "Issue").

The Committee in its meeting held today, i.e., Monday, September 13, 2021, has taken the following decisions in connection to the Issue thereof:

Number of Rights Eguity Shares to be issued: Up to 7,99,99,665 Rights Eguity Shares, for an amount aggregating up to 3,99,99,83,250 (assuming full subscription and payment of call monies).

Rights entitlement ratio: 133 equity shares for every 274 equity shares held by eligible equity shareholders of the Company as on the record date.

Record date: The record date for the purpose of determining the shareholders who will be eligible to apply in the aforesaid Issue is Friday, September 17, 2021.

Issue period:

Issue Opening Date: Monday, September 27, 2021; and
Issue Closing Date: Monday, October 11, 2021.

Further, the ISIN allotted for the rights entitlements to be credited to the demat accounts of eligible equity shareholders of the Company is INEO87A20019 and the ISIN allotted for the Rights Equity Shares, at the time of application, is IN9087A01017.

Additionally, the Committee also approved the Letter of Offer to be filed with the Securities and Exchange Board of India, BSE Limited, National Stock Exchange of India Limited and the Calcutta Stock Exchange Limited. The designated Stock Exchange in relation to the aforesaid rights issue has been approved by the Committee to be BSE Limited.

Shares of Kesoram Industries Ltd was last trading in BSE at Rs. 83.45 as compared to the previous close of Rs. 81.85. The total number of shares traded during the day was 81118 in over 1290 trades.

The stock hit an intraday high of Rs. 84.5 and intraday low of 81.45. The net turnover during the day was Rs. 6747741.


Source: Equity Bulls

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


Other Headlines:

RBI imposes penalty of Rs. 2 crore on RBL Bank Ltd

Whirlpool India enters into agreements to acquire majority stake of Elica PB India

Indiabulls Housing Finance Ltd. raises ₹ 27 crores by selling part of its stake in OakNorth Holdings Ltd

Federal Bank launches RuPay Signet Contactless Credit Card

First procedure in Asia-Pacific performed with Medtronic Hugo™ robotic-assisted surgery system

Websol Energy System Ltd's Module approved by MNRE

Tata Steel join the Sea Cargo Charter to reduce 'Scope 3' greenhouse gas emissions in ocean trade

ICICI Bank to offer instant overdraft to sellers registered on amazon.in

ICRA upgrades rating of Jindal Steel and Power Ltd

Avi Products India Ltd board to consider preferential allotment on Oct 1, 2021

Raymond Board approves Business Consolidation

HDFC Bank allots 6.44% 2028 Bonds

Minor Fire at records storage room of Kovai Medical Center and Hospital Ltd

Whirlpool of India Ltd increases stake in Elica India

Praveg Communications India Limited wins award and recognition to Tent City Narmada at Kevadiya

Karur Vysya Bank donates Rs. 3.14 crores to PM CARES FUND under CSR

ICICI Prudential Life Insurance Company Ltd board to consider Q2, H1FY22 results on Oct 19, 2021

A F Enterprises Ltd board to consider conversion of warrants on Sep 30, 2021

ICRA upgrades rating of Indian Metals and Ferro Alloys Ltd

Bharat Forge Limited - The First Indian Company to Achieve Nadcap® Accreditation for Metallic Materials Manufacturing

ICRA upgrades ratings of IDBI Bank

Aditya Vision Ltd opens 73rd showroom

TCS Recognized as a Leader in Procurement Outsourcing by Everest Group

Athena Global Technologies Subsidiary MedleyMed Enters the Global Market with a Suite of Digital Solutions for Both Pharmacy and Patient Care

Adani Airport Holdings Ltd signs SSA with AMRPL for operating duty free outlets

Orient Paper & Industries Ltd reappoints MD

Pondy Oxides & Chemicals Ltd commences trial production of copper recycling

Cyient achieves Select Tier Status in the AWS Partner Network with its evolving expertise in Digital Transformation solutions

SBI Signs SLA with Paisalo Digital for engagement as National Business Correspondent

Intellect launches Capital Cube 21, a Contextual Treasury Platform fueled by Composable Next Gen Technology

IndusInd Bank spreads joy among underprivileged children this festive season

Rare Asset Reconstruction Ltd acquires financial assets of Impex Ferro Tech Limited from SBI

WardWizard Innovations & Mobility Ltd. to double the production capacity by October 2021

InterGlobe Technology Quotient and EaseMyTrip announce agreement worth $10 million

Birlasoft Solution achieves Oracle Validated Integration with JD Edwards EnterpriseOne Expertise for Delivering Proven, Repeatable Integration

Gokul Agro Resources Limited wins Globoil Rising Star of the Year 2021 award

Nucleus Software's PaySe passes RBI's Regulatory Sandbox

Ind-Ra upgrades rating of Happiest Minds Technologies Ltd

Kreon Finnancial Services Ltd updates on business performance

IndusInd Bank partners with Vistara to launch a co-branded credit card

Patel Engineering bags new order of Rs. 1251 crore Teesta-VI Hydro Electric Project

Renaissance Global establishes Strategic Advisory Board

Mindtree Recognized by Great Place to Work® as one of India's Best Workplaces™ for Women 2021

Manali Petrochemical Ltd to partner with Econic, UK for new Polyol Technology

Goa Carbon Ltd shuts down Bilaspur Unit, Goa Unit for maintenance work

Government of India announces India's airspace map for Drones operations

Astrazeneca Pharma India Ltd receives import and market permission for Selumetinib 10 Mg & 25 Mg Capsule

Spirit of Wipro Run brings together participants from 35 countries

Federal Bank partners with Ashok Leyland

Kotak Mahindra Bank forays into Healthcare Financing


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

disclaimer copyright © 2005 - 2020