Shri Niwas Leasing and Finance Ltd approves allotment of 3,99,70,000 partly paid-up equity shares on rights basis

The Board of Directors of Shri Niwas Leasing and Finance Limited ("the Company") at its meeting held on April 09, 2025, has inter alia considered and approved the allotment of 3,99,70,000 partly paid-up equity shares of face value ₹10/- each, issued at a price of ₹10/- per share pursuant to the Rights Issue.

Out of the issue price of ₹10/- per equity share, ₹5/- per share has been received on application, and the balance ₹5/- per share shall be payable in one or more subsequent call(s), as may be decided by the Board at its sole discretion.

The said allotment has been made in accordance with the terms and conditions as mentioned in the Letter of Offer dated February 20, 2025, and the 'Basis of Allotment' finalized in consultation with Skyline Financial Services Private Limited, the Registrar to the Issue. The allotment has also been duly approved by BSE Limited, the designated stock exchange.

Source : Equity Bulls

Keywords

ShriNiwasLeasingandFinance FundRaising RightsIssue SharesAllotment