In furtherance to the previous intimation letters submitted by the Company, in respect of its proposed issue of Equity Shares on a rights basis (‘Rights Issue’). Magnum Ventures has informed that, in accordance with (i) the Letter of Offer dated January 18, 2024, and (ii) the Basis of Allotment finalised in consultation with the Registrar to the Issue and BSE, (the Designated Stock Exchange for the Rights issue), the Rights Issue Committee of the Company has, at in its meeting held today, 1st March, 2024, approved the allotment of 90,59,433 fully paid-up Equity Shares of face value of ? 10 each on a rights basis, at an issue price of ?54 (including a share premium of ?44 per Equity Share) to the eligible applicants. In compliance with the SEBI Circular dated July 13, 2023 bearing reference number SEBI/HO/CEFD/CFD-PoD-1/P/CIR/2023/123, it has enclosed the additional details in relation to the aforementioned outcome in Annexure A. The meeting of the Rights Issue Committee commenced at 06:45 pm and concluded at 07:15 pm. This letter is being submitted in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The above information is a part of company’s filings submitted to BSE.
Company Name | CMP |
---|---|
JK Paper | 386.10 |
TN Newsprints | 272.40 |
West Coast Paper | 632.20 |
Emami Paper Mills | 121.35 |
Andhra Paper | 528.90 |
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