The board of directors of Veer Global Infraconstruction Limited has approved the terms and conditions of the rights issue and fixed the record date / cutoff date for the purpose of determining the entitlement of the shareholders who will be eligible to apply for the Rights Issue as on 10th February 2023.
Type of securities proposed to be Issued - Fully paid-up Equity Shares of face value of Rs. 10/- each ("Rights Equity Shares")
Type of Issuance - Rights Issue of fully paid-up Equity Shares
Total number of securities proposed to be issued - Upto 8,12,000 fully paid-up Equity Shares of face value of Rs. 10/- each for an amount aggregating Rs. 1055.60 Lacs.
Issue Price - Rs. 130.00/- per Rights Equity Share
Rights Entitlement (RE) Ratio - 1 Equity Share for every 9 Equity Shares held by Eligible Equity Shareholders in the Company as on the record date with the right to renounce.
Equity Shares prior to the Rights Issue - 73,09,710 fully paid-up Equity shares of face value of Rs. 10/- each
Equity Shares Post Rights Issue (assuming full subscription) - 81,21,710 fully paid-up Equity Shares of face value of Rs. 10/- each
Terms of Payment - Full amount of Rs. 130.00 per Equity Share payable on application.
Record Date - February 10, 2023 for the purpose of determining the equity shareholders entitled to receive the rights entitlement in the Rights Issue ("Eligible Equity Shareholders")
Shares of Veer Global Infraconstruction Ltd was last trading in BSE at Rs. 163.50 as compared to the previous close of Rs. 163.00. The total number of shares traded during the day was 500 in over 1 trades.
The stock hit an intraday high of Rs. 163.50 and intraday low of 163.50. The net turnover during the day was Rs. 81750.00.