Saboo Sodium Chloro Ltd Board to consider Rights Issue

A meeting of the Board of Directors of Saboo Sodium Chloro Ltd is scheduled to be held on January 07, 2022 to consider a proposal to issue equity shares to the existing shareholders on Right Basis, as may be permitted under applicable law, subject to such regulatory / statutory approvals, as may be required.

The board will consider the increase in Authorised Share Capital of the Company and consider the appointment of Merchant Banker as Lead Manager to the Rights issue.

Shares of SABOO SODIUM CHLORO LTD. was last trading in BSE at Rs. 19.50 as compared to the previous close of Rs. 20.20. The total number of shares traded during the day was 415394 in over 2310 trades.

The stock hit an intraday high of Rs. 21.15 and intraday low of 19.20. The net turnover during the day was Rs. 8301734.00.

Source : Equity Bulls

Keywords

SABOOSODIUMCHLORO INE440C01016 RightsIssue FundRaising