Swiss Military Consumer Goods Ltd allots 9,82,96,996 equity shares

The Board of Directors of Swiss Military Consumer Goods Limited at its Meeting held on September 07, 2022 had considered and approved the allotment of 9,82,96,996 (Nine Crore Eighty Two Lakhs Ninety Six Thousand Nine Hundred and Ninety Six only) Equity Shares having face value of Rs. 2/- (Rupees Two) on rights basis to the existing equity shareholders of the Company at a price of Rs of Rs. 4.50/- (Including premium of Rs. 2.50/-) per Equity Share in the ratio of 1: 1 i.e. 1 (One) Rights Equity Share for every 1 (One) Equity Share held as on the record date i.e. Saturday, July 23,2022.

The said allotment is pursuant to the Letter of Offer and the Basis of Allotment as approved by BSE Limited, the Designated Stock Exchange for the issue.

Consequent to the said allotment, the paid up Equity Share Capital of the Company shall be 19,65,93,992 Equity shares of Rs. 2/- each (fully paid up) and Rs. 39,31,87,984.

Source : Equity Bulls

Keywords

SwissMilitaryConsumerGoods SharesAllotment RightsBasis 1For1