Board of Vikas Lifecare approves terms of rights issue

At meeting held on 17 May 2021

The Board of Vikas Lifecare at its meeting held on 17 May 2021 has approved the following terms of rights issue:

No. of shares proposed to be issue - Up to 26,53,98,198 fully paid-up Equity Shares of face value of Re. 1/- each for an amount aggregating upto Rs 49.09 crore.

Issue price - Rs. 1.85/- per Rights Equity Share (including premium of Re. 0.85/- per Rights Equity Share

Record date - 21 May 2021

Rights Issue Opening Date - 27 May 2021

Last date for On Market Renunciation of Rights Entitlement - 07 June 2021

Rights Issue Closing Date - 10 June 2021

Rights Entitlement Ratio - 2 Equity Shares for every 5 Equity Shares held by the Eligible Equity Shareholders in the Company as on the record date with the right to renounce.

Outstanding Equity Shares prior to the Rights Issue - 66,34,95,495 Equity shares of Re. 1/- each.

Outstanding Equity Shares post Right Issue (assuming full subscription) - 92,88,93,693 Equity shares of Re. 1/- each.

Terms of payment - Full amount of Rs. 1.85/- per Equity Share payable on application

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