Hubtown Ltd board to consider rights issue

A meeting of the Board of Directors of Hubtown Ltd, is scheduled to be held on April 28, 2022, to consider and approve the issue of Securities (convertible warrants) on preferential allotment basis to persons forming part of Promoter and Promoter Group of the Company in terms of Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, subject to the receipt of applicable regulatory, statutory and lenders approvals and the proposal of raising of funds by issue of Equity Shares by way of a Rights Issue to the eligible equity shareholders of the Company in accordance with the Companies Act, 2013 and the rules framed thereunder, the Securities and Exchange Board of India (Issue of capital and Disclosure Requirements) Regulations, 2018 and subject to the receipt of applicable regulatory, statutory and lenders approvals.

Shares of Hubtown Limited was last trading in BSE at Rs. 69.30 as compared to the previous close of Rs. 66.00. The total number of shares traded during the day was 120274 in over 490 trades.

The stock hit an intraday high of Rs. 69.30 and intraday low of 65.80. The net turnover during the day was Rs. 8265401.00.

Source : Equity Bulls

Keywords

Hubtown INE703H01016 FundRaising PreferentialIssue RightsIssue