Vidli Restaurants Limited board approves rights issue at Rs. 10

The Board of Directors of Vidli Restaurants Limited has, at its meeting held today, has considered and approved the terms and conditions for the rights issue.

Number of Equity Shares to be issued: 64,95,000 Equity Shares.

Rights entitlement ratio: 2:3 i.e. 3 (Three) Rights Equity Shares for every 2 (Two) Equity Shares held by the member as on the record date. The record date will be announced as and when decided by the Board of Directors.

Rights Issue Price: Rs. 10/- per Equity Share i.e. at the face value with no security premium.

Terms of Payments: To be paid in two installments which will be Rs. 5/- at time of application and balance of Rs. 5/- at first and final call as and when the Board of Directors decides.

Bankers to the Issue: IndusInd Bank.

Shares of Vidli Restaurants Ltd was last trading in BSE at Rs. 21.80 as compared to the previous close of Rs. 20.80. The total number of shares traded during the day was 2000 in over 2 trades.

The stock hit an intraday high of Rs. 21.80 and intraday low of 21.80. The net turnover during the day was Rs. 43600.00.

Source : Equity Bulls

Keywords

VidliRestaurantsLtd INE564S01019 RightsIssue FundRaising