Shivam Autotech Ltd fixes Record Date for Rights Issue of equity shares

Shivam Autotech Ltd has fixed December 10, 2021 as the Record Date for the purpose of Rights Issue of equity shares.

Details of Rights Issue

Rights Issue Price: Rs. 18 per Rights Equity Share (including a premium of %16 per Equity Share over face value of 22 per Equity Share); total amount aggregating not exceeding Rs.40 crores as approved by Stock Exchange.

Rights entitlement ratio: 2 Rights Equity Shares for every 9 Equity Shares held by eligible shareholders as on the Record Date.

Record date: for the purpose of determining the shareholders eligible to apply for the equity shares in the Rights Issue as Friday, December 10, 2021(Record Date").

Rights Issue schedule:

Issue opening date Tuesday, 14t December, 2021
Issue closing date Wednesday, 12th January, 2022

Shares of Shivam Autotech Limited was last trading in BSE at Rs. 26.95 as compared to the previous close of Rs. 27.10. The total number of shares traded during the day was 15125 in over 95 trades.

The stock hit an intraday high of Rs. 27.40 and intraday low of 26.00. The net turnover during the day was Rs. 402508.00.

Source : Equity Bulls

Keywords

ShivamAutotechLimited INE637H01024 SHIVAMAUTO RightsIssue FundRaising RecordDate