VMS Industries Ltd announces 16:33 rights issue at a price of Rs. 35 per share

The Board of Directors of VMS Industries Ltd in their meeting held on April 12, 2024 at the Registered Office of the Company situated at 808 - C, Pinnacle Business Park, Corporate Road, Prahladnagar, Ahmedabad - 380015 Gujarat which commenced at 5:00 P.M. and concluded at 7:00 P.M. has considered and approved issue of up to 80,00,000 Equity Shares of face value of Rs. 10.00/- each for cash at an Issue Price of Rs. 35.00/- per Equity Share aggregating up to Rs. 28,00,00,000/- to all the existing eligible Equity shareholders of the Company on Rights ('Rights Issue').

The rights entitlement ratio is fixed as 16 Rights Equity share for every 33 fully paid-up Equity shares held by the Eligible Equity shareholders in the Company as on Record date.

Shares of VMS INDUSTRIES LTD. was last trading in BSE at Rs. 47.40 as compared to the previous close of Rs. 47.01. The total number of shares traded during the day was 120617 in over 425 trades.

The stock hit an intraday high of Rs. 51.60 and intraday low of 46.70. The net turnover during the day was Rs. 5833830.00.

Source : Equity Bulls

Keywords

VMSINDUSTRIES INE932K01015 FundRaising RightsIssue 16For33