Stock Report

7NR Retail Ltd extends rights issue closing date to Sep 23, 2022



Posted On : 2022-09-19 16:39:45( TIMEZONE : IST )

7NR Retail Ltd extends rights issue closing date to Sep 23, 2022

As per the resolution passed by the Board of Directors of 7NR Retail Limited dated 19th September, 2022 the date of closure of the Right Issue, which opened on Tuesday, 6th September, 2022 and schedule to close on Tuesday, 20th September, 2022 has now been extended from Tuesday, 20th September, 2022 to Friday, 23rd September, 2022 in order to in order to provide an opportunity to shareholders to exercise their rights in the Rights Issue.

The company has come out with a Rights Issue of up to 11,66,95,000 Equity Shares with a face value of Rs. 1/- Each ("Rights Equity Shares") for cash at a price of Rs. 1.40/- per Rights Equity Share (Including a Premium Of Rs. 0.40 per Rights Equity Share) for an amount aggregating up to Rs. 16,33,73,000/- on Rights Basis in the ratio of 1 Rights Equity Shares for every 1 fully paid up Equity Shares) held by the Equity Shareholders on the Record Date, i.e. 23rd August, 2022.

Source : Equity Bulls

Keywords

7NRRetail FundRaising RightsIssue ClosingDate Extension