Praxis Home Retail Ltd board to consider rights issue terms on Sep 2, 2021

A meeting of the Board of Directors of Praxis Home Retail Ltd is scheduled to be held on Thursday, September 02, 2021, to consider, discuss and decide, various matters in connection with the Rights Issue, including the specific terms of the Rights Issue, such as the determination of the Rights Issue price, Rights Issue size, rights entitlement ratio, the record date of the Rights Issue and other matters incidental or connected therewith.

The board had earlier approved the issue and allotment of equity shares of face value of Rs. 5/- each ("Equity Shares") for an aggregate amount not exceeding Rs. 50,00,00,000 (Rupee Fifty Crores) on Rights basis ("Rights Issue").

Shares of Praxis Home Retail Limited was last trading in BSE at Rs. 42.1 as compared to the previous close of Rs. 41.75. The total number of shares traded during the day was 606 in over 9 trades.

The stock hit an intraday high of Rs. 42.3 and intraday low of 42.1. The net turnover during the day was Rs. 25595.

Source : Equity Bulls

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