Patel Integrated Logistics Limited board fixes Oct 29, 2021 as record date for rights issue

The Board of Directors of Patel Integrated Logistics Limited at its meeting held today i.e. 25th October, 2021 has fixed 29th October, 2021, Friday as the record date for the purpose of determining the equity shareholders who are entitled to receive the Rights Entitlement in the Rights Issue('Record Date').

Right issue Size: 4,00,00,000 Equity Shares of face value of Rs. 10 each, for an aggregate amount not exceeding Rs. 4000 Lakhs (Rupees Four Thousand Lakhs Only).

Rights Issue Price: On Application - Rs. 2.50, First and Final Call - Rs. 7.50

Right Entitlement Ratio: 613 (six hundred and thirteen) Rights Equity Share(s) for every 399 (three hundred and ninety-nine) fully paid-up Equity Share(s) held by the eligible shareholders as on the record date.

Rights Issue Schedule:

Issue Opening Date - Tuesday, November 09, 2021
Last Date for On Market Renunciation of RE - Wednesday, November 17, 2021
Issue Closing Date - Tuesday, November 23, 2021

The ISIN of such Rights Entitlement is INE529D20022. The Rights Entitlement of the eligible equity shareholders as on the Record Date, shall be credited prior to the issue opening date, in the respective demat account of the eligible equity shareholders under the aforementioned ISIN.

Shares of Patel Integrated Logistics Limited was last trading in BSE at Rs. 22.85 as compared to the previous close of Rs. 23.00. The total number of shares traded during the day was 19854 in over 201 trades.

The stock hit an intraday high of Rs. 24.00 and intraday low of 22.35. The net turnover during the day was Rs. 457987.00.

Source : Equity Bulls

Keywords

PatelIntegratedLogistics INE529D01014 PATINTLOG RightsIssue FundRaising RecordDate