Board of LGB Forge approves details pertaining to proposed rights issue

At meeting held on 24 December 2018

The Board of LGB Forge has approved the following detail pertaining to the proposed rights issue of face value of Re 1 each -

Rights Entitlement Ratio - 588 equity shares for every 1000 equity shares held as on the Record Date.

Issue price per rights equity share - Issue price of Rs 3 for every rights equity share of face value of Re 1 each.

Size of Issue - 8,82,00,912 equity shares of Rs 1 each at a price of Rs 3 (including a premium of Rs 2) per rights equity share aggregating to Rs 26.46 crore.

 

Record date - 04 January 2019

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