Hiliks Technologies Limited to invest Rs. 3 crores in Sreeven Infocom Ltd, approves preferential issue

The Board of Directors of Hiliks Technologies Limited at their meeting held on Thursday, 7th September, 2023 considered and approved the raising of funds through Issue of Equity shares to the certain identified investors - Enact Technologies Private Limited - 5,00,000 shares, Bhupathiraju Sudha Rani - 1,21,000 shares, Lakkineni Madhavi Latha - 1,00,000 shares, Pooja Bansal - 1,00,000 shares and Rama Krishnam Raju M - 1,00,000 shares on preferential basis by issuing upto 9,21000 (Nine Lakh Twenty One thousand) equity shares having face value Rs. 10/- each at an issue price of Rs. 20/- per equity share subject to the approval of shareholders, in accordance with the Companies Act, 2013 read with the rules made there under and Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 ("SEBI ICDR Regulations") read with other applicable regulations, if any.

The board also approved proposal to make an investment in equity shares of M/s. Sreeven Infocom Limited for an amount aggregating upto Rs. 3 crores.

Shares of Hiliks Technologies Ltd was last trading in BSE at Rs. 14.15 as compared to the previous close of Rs. 13.88. The total number of shares traded during the day was 23257 in over 7 trades.

The stock hit an intraday high of Rs. 14.15 and intraday low of 14.15. The net turnover during the day was Rs. 329086.00.

Source : Equity Bulls

Keywords

HiliksTechnologies INE966Q01010 FundRaising PreferentialIssue Investment SreevenInfocom