All Rights Reserved Finance News 2020.
Rights issue: Deepak Fertilisers fixes issue price at Rs 133 per share
NEW DELHI: Deepak Fertilisers and Petrochemicals Corporation Limited on Friday said the board has approved the issue price of Rs 133 per share for that company’s proposed sale of stocks and shares through a rights issue.
In May, the board experienced approved the company’s proposal to make up to Rs 180 crore through a rights issue.
In a regulatory filing, the business said the board features approved various terms of the privileges issue.
The issue price has been fixed at Rs 133 per share taking a face value of Rs 10 each.
The complete amount of issue price will probably be payable on application. Oct 17 will be the record particular date for the purpose of determining the investors who will be eligible to apply inside rights issue.
The qualified shareholders will be entitled to submit an application for three shares for every 20 equity shares held by means of them as on the report date.