Board of Ishan Dyes & chemicals allots 47.03 lakh equity shares under rights issue

At meeting held on 23 August 2019

Aug 23, 2019 06:08 IST capital market

The Board of Ishan Dyes & chemicals at its meeting held on 23 August 2019 has approved the allotment of 47,03,447 Equity Shares of Rs. 10/- each at a price of Rs. 27/- per Equity Share pursuant to the Rights Issue of Equity Shares of the Company in terms of Letter of Offer dated 29 June 2019.

Pursuant to aforesaid allotment, the issued, subscribed and paid up share capital of the Company has been increased from Rs. 11,26,47,000/- divided into 1,12,64,700 Equity Shares of Rs. 10/- each to Rs. 15,96,81,470/- divided into 1,59,68,147 Equity Shares of Rs. 10/- each.

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