7NR Retail extends rights issue closing date to September 23

7NR Retail was trading at Rs2.18 per share higher by 5.83% on the BSE.

September 20, 2022 11:53 IST | India Infoline News Service
7NR Retail Limited has informed that as per the resolution passed by the Board of Directors of the Company dated September 19, 2022 the date of closure of the Right Issue, which opened on Tuesday, September 06, 2022 and schedule to close on Tuesday, September 20, 2022 has now been extended from Tuesday, September 20, 2022 to Friday, September 23, 2022 in order to provide an opportunity to shareholders to exercise their rights in the Rights Issue.

Further, the company has come out with a Rights Issue of up to 11,66,95,000 Equity Shares with a face value of Rs. 1/- Each for cash at a price of Rs1.40/- per Rights Equity Share (Including a Premium of Rs0.40 per Rights Equity Share) for an amount aggregating up to Rs16,33,73,000/- on Rights Basis in the ratio of 1 Rights Equity Shares for every 1 fully paid up Equity Shares) held by the Equity Shareholders on the Record Date, i.e. August 23, 2022.

At around 11:52 AM, 7NR Retail was trading at Rs2.18 per share higher by 5.83% on the BSE. Previously the scrip ended at Rs2.06 per share and today it opened at Rs2.20 per share on the BSE.

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