Seacoast Shipping Services Ltd board approves 1:1 rights issue

The Board of Directors of Seacoast Shipping Services Limited has approved the right issue on the basis of 1:1 and subject to the increase authorised share capital of the Company as mentioned below. The terms of Right Issue will be decided on next Board Meeting.

The Board of Directors has recommended increase authorised share capital of the company from Rs. 33,66,75,000/- (Rupee Thirty-Three Crores Sixty-Six Lakhs Seventy-Five Thousand Only) divided into 33,66,75,000 equity share of Rs. 1/- (Rupee One Only) each to Rs. 68,00,00,000/- (Rupee Sixty-Eight Crore Only) divided into 68,00,00,000 equity share of Rs. 1/- (Rupee One Only) each subject to approval of shareholder in General Meeting.

Source : Equity Bulls

Keywords

SeacoastShippingServices RightsIssue 1For1 FundRaising