At meeting held on 09 December 2018The Board of Capital India Finance at its meeting held on 09 December 2018 has approved the following -
approved the Letter of Offer in relation to the Issue subject to the adoption of final Letter of Offer by the Securities Issuance Committee;
approved the Issue of upto 3,45,48,560 (Three Crore Forty Five Lakhs Forty Eight Thousand Five Hundred and Sixty) equity shares having face value of Rs. 10/- (Rupees Ten only) each ('Rights Equity Shares') at an issue price of Rs. 72/- (Rupees Seventy Two only) per Rights Equity Share (including a premium of Rs. 62/- (Rupees Sixty Two only) per Rights Equity Share), on rights basis, aggregating up to Rs. 2487.50 million (Rupees Two Thousand Four Hundred Eighty Seven Million and Five Hundred Thousand only);
fixed rights entitlement ratio at 4:5 ('Rights Entitlement Ratio'), meaning that the shareholders of the Company who are entitled to apply for the Rights Equity Shares ('Eligible Equity Shareholders') will be entitled to apply for 4 (Four) Rights Equity Share for every 5 (Five) equity shares held by such Eligible Equity Shareholders as on the record date; and
fixed record date as 19 December 2018 for the purpose of determining the Eligible Equity Shareholders, in accordance with the Rights Entitlement Ratio.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)