SPV Global Trading Limited board approves rights issue terms

The Board of Directors of SPV Global Trading Limited at its meeting held on November 03, 2021, had approved the issue of equity shares of face value of Rs. 10/- each ("Equity Shares') of the Company, by way of a rights issue to the eligible shareholders of the Company for an amount not exceeding Rs. 175.00 lakhs in accordance with applicable laws.

The Board has approved the following terms and conditions of rights issue at its meeting held today i.e., March 15, 2022:

Rights Issue Price: Rs. 10/- per Rights Equity Share
Rights Entitlement Ratio: Seven (7) Rights Equity Share for every One (1) 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 is March 22, 2022 ("Record Date").

Rights Issue Schedule:

Issue Opening Date - March 30, 2022 (Wednesday)
Issue Closing Date - April 13, 2022 (Wednesday)

Rights Issue Size:

Issue of 17,15,000 Equity Shares of the face value of Rs. 10/- each ("Rights Equity Shares") for cash at a price of Rs. 10/- per Equity Share ("Issue Price") aggregating to Rs. 171.50 Lakhs.

Source : Equity Bulls

Keywords

SPVGlobalTrading FundRaising RightsIssue RecordDate