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Board of Capital India Finance approves rights issue

Capital Market 

At meeting held on 09 December 2018

The 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.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, December 10 2018. 09:24 IST