Patel Integrated Logistics Ltd board approves rights issue of Rs. 40 crores

The Board of Directors of Patel Integrated Logistics Ltd at its meeting held on 11th August 2021 have considered and approved a proposal for issue of upto Rs. 40,00,00,000 (Rupees Forty Crores Only) to existing and eligible shareholders on rights basis, as on record date on such ratio and at such price as may be decided by the Company and as may be permitted under applicable law, subject to such regulatory / statutory approvals, as may be required.

Shares of Patel Integrated Logistics Ltd was last trading in BSE at Rs. 21.75 as compared to the previous close of Rs. 22.75. The total number of shares traded during the day was 7825 in over 106 trades.

The stock hit an intraday high of Rs. 22.9 and intraday low of 21.65. The net turnover during the day was Rs. 171500.

Source : Equity Bulls

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