PMC Fincorp Limited announces 1:3 rights issue

PMC Fincorp Limited has proposed a Rights Issue of upto 17,80,20,400 Equity Shares of face value of Rs. 1/- each of the Company at an issue price of Rs. 2.75/- per Rights Equity Shares aggregating up to Rs. 4,895.56/- Lakh on rights basis to the eligible shareholders of the company in the ratio of 1 (One) Rights Equity Share for every 3 (Three) Fully Paid-up Equity Shares held by the Eligible Equity shareholders as on the record date i.e., Friday, October 25, 2024.

The issue opens for subscription on Thursday, November 07, 2024. The last date for on-market renunciation is Tuesday, November 12, 2024 and issue closes on Tuesday, November 19, 2024.

Shares of PMC Fincorp Limited was last trading in BSE at Rs. 3.99 as compared to the previous close of Rs. 3.99. The total number of shares traded during the day was 1258052 in over 3592 trades.

The stock hit an intraday high of Rs. 4.10 and intraday low of 3.92. The net turnover during the day was Rs. 5037229.00.

Source : Equity Bulls

Keywords

PMCFincorp INE793G01035 RightsIssue FundRaising 1For3