Shree Ajit Pulp and Paper Limited to increase rights issue size to Rs. 35 crores

The Board of Directors of Shree Ajit Pulp and Paper Limited has decided to increase the Right Issue size for an aggregate amount of up to Rs. 35,00,00,000/- (Rupees Thirty Five Crores Only) for raising the funds through issuance and allotment of equity shares having face value of Rs. 10.00/- (Rupees Ten Only) ('Equity Shares') on right issue basis, on such terms and conditions as may be decided by the Board of Directors of our Company to the eligible equity shareholders of the Company, as on the record date (to be notified subsequently) subject to the receipt of applicable regulatory, statutory approvals, in accordance with the provisions of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015, and the Companies Act, 2013 and the rules made thereunder, as amended from time to time.

Shares of Shree Ajit Pulp And Paper Ltd was last trading in BSE at Rs. 297.65 as compared to the previous close of Rs. 305.90. The total number of shares traded during the day was 8983 in over 87 trades.

The stock hit an intraday high of Rs. 310.00 and intraday low of 289.00. The net turnover during the day was Rs. 2674921.00.

Source : Equity Bulls

Keywords

ShreeAjitPulpAndPaper INE185C01017 FundRaising RightsIssueSize Increase