Choice International Limited board approves rights issue

The Board of directors of Choice International Limited has approved the proposal to raise funds, subject to receipt of necessary approvals, as applicable, by way of issue of equity shares of the company to its eligible shareholders on a right basis aggregating to Rs. 60,00,00,000 (Sixty Crores) ('Rights issue') in accordance with applicable provisions of the Companies Act, 2013, as amended, SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, and other applicable laws.

Shares of CHOICE INTERNATIONAL LTD. was last trading in BSE at Rs.129.9 as compared to the previous close of Rs. 125.95. The total number of shares traded during the day was 6467 in over 86 trades.

The stock hit an intraday high of Rs. 131 and intraday low of 124.2. The net turnover during the day was Rs. 816708.

Source : Equity Bulls

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