Add-Shop E-Retail Ltd’s Rs. 48.90 crores Rights Issue to open on August 17
Mr. Dinesh Pandya, CMD, Add-Shop E-Retail Ltd
Rights Issue priced at Rs. 54 per share - 36% discount to share price on 11 Aug;
Rights Issue opens on August 17 and closes on August 30
Highlights:-
· Funds raised through the issue will be used to meet working capital requirements for the company’s business activities and general corporate purposes
· The rights entitlement ratio for the proposed rights issue is 1:1; 1rights equity shares of Rs. 10 each for every 1 equity share of Rs.10 each held by the equity shareholders
· The company has fixed August 8 as the record date to determine the equity shareholders entitled to receive the rights entitlement in the rights issue
· For FY22, the company reported a 148% rise in Net profit to Rs. 19.1 crores; sale...