Nagreeka Exports Ltd fixes Jan 30, 2024 as record date for 3:2 rights issue

The Rights Issue Committee of Nagreeka Exports Ltd at its meeting held today, i.e., January 17, 2024 have, considered and approved the following terms of the Rights Issue:

Type of securities proposed to be issued - Fully paid-up Equity Shares of face value of Rs. 5/- each ("Rights Equity Shares")

Type of issuance - Rights Issue of fully paid-up Equity Shares
Total number of securities - Up to 1,87,49,550 fully paid-up Equity Shares of face value of Rs. 5/- each.
Issue Price - Rs. 20/- per Rights Equity Share (including premium of Rs. 15/- per Rights Equity Share)
Terms of Payment - The full amount of the Issue Price being Rs. 20/- will be payable on application
Record date - Tuesday, January 30, 2024, for the purpose of determining the equity shareholders entitled to receive the rights entitlement in the Rights Issue ("Eligible Equity Shareholders")
Rights Entitlement ISIN - INE123B20010
Rights Entitlement Ratio - 3 Rights Equity Shares of Rs. 5/- each for every 2 Equity Shares of Rs. 5/- each held by the Eligible Equity Shareholders in the Company as on the record date, with the right to renounce.

Schedule of the Rights Issue:

Issue Opening Date - Monday, February 12, 2024
Last date for On Market Renunciation of Rights Entitlement - Monday, February 19, 2024
Issue Closing Date* - Friday, February 23, 2024

Shares of Nagreeka Exports Limited was last trading in BSE at Rs. 68.00 as compared to the previous close of Rs. 66.73. The total number of shares traded during the day was 2356 in over 21 trades.

The stock hit an intraday high of Rs. 69.30 and intraday low of 66.40. The net turnover during the day was Rs. 159522.00.

Source : Equity Bulls

Keywords

NagreekaExports INE123B01028 FundRaising RightsIssue RecordDate