Compuage Infocom Ltd board approves 8:25 rights issue

The Board of Directors of Compuage Infocom Limited at its meeting held today, i.e., on Monday, 7th November, 2022, at the registered office of the Company, which commenced at 12:45 p.m. and concluded at 1:15 p.m. has considered and approved the terms and conditions of the Rights Issue.

Rights Issue Price - Rs. 20/- per fully paid-up Equity Share (including a premium of Rs. 18 /- per Equity Share)

Total number of Equity Shares and Rights Issue size - 2,07,92,258 (Two Crore Seven Lakh Ninety Two Thousand Two Hundred and Fifty Eight) fully paid-up Equity Shares of the face value of Rs. 2/- (Rupees Two Only) each at an issue price of Rs. 20/- (Rupees Twenty Only) per Equity Share aggregating to Rs. 41,58,45,160/- (Rupees Forty One Crore Fifty Eight Lakh Forty Five Thousand and One Hundred Sixty Only#)
# Assuming full subscription

The Record Date has been fixed as Monday, November 14, 2022 for the purpose of determining the Equity Shareholders entitled to receive the rights entitlement in the Rights Issue.

Rights Entitlement Ratio - 8 Equity Shares for every 25 Equity Shares held by the Eligible Equity Shareholders in the Company as on the Record Date with right to renounce.

Issue Period

Issue Opening Date - November 23, 2022
Last date for On Market Renunciation of Rights Entitlement - November 29, 2022
Issue Closing Date - December 2, 2022

Shares of Compuage Infocom Limited was last trading in BSE at Rs. 24.10 as compared to the previous close of Rs. 23.95. The total number of shares traded during the day was 28676 in over 337 trades.

The stock hit an intraday high of Rs. 24.75 and intraday low of 23.95. The net turnover during the day was Rs. 698861.00.

Source : Equity Bulls

Keywords

CompuageInfocom INE070C01037 RightsIssue FundRaising RecordDate