Banas Finance Ltd board approves rights issue

The Board of Directors of Banas Finance Ltd have approved the change of objects for raising of funds through Right Issue for an aggregate amount of up to 49,80,00,000/- (Rupees Forty Nine Crores Eighty Lakhs Only) as approved on 24th December,2021 by including the object of investment in associate company along objects of working capital and other corporate purposes. The company will accordingly make a revised application to BSE Limited For in-principle approval.

Shares of BANAS FINANCE LTD. was last trading in BSE at Rs. 48.60 as compared to the previous close of Rs. 49.70. The total number of shares traded during the day was 71062 in over 806 trades.

The stock hit an intraday high of Rs. 50.90 and intraday low of 48.05. The net turnover during the day was Rs. 3482915.00.

Source : Equity Bulls

Keywords

BANASFINANCE INE521L01030 RightsIssue FundRaising