Mold-Tek Packaging finalises allotment of 5.5 lakh equity shares at Rs180 per share

The company’s meeting held on Wednesday was in relation to the rights issue of partly paid equity shares of face value of Rs5 each of the company along with warrants.

Nov 18, 2020 09:11 IST India Infoline News Service

Mold-Tek Packaging Limited on Wednesday has considered and approved the allotment of 5,55,330 Rights Equity Shares, at a price of Rs180 per Rights Equity Share (including a premium of Rs175 per Rights Equity Share) along with 33,31,980 detachable warrants for cash at a price of Rs184 per warrant, for every 1 Rights Equity Share allotted in the issue to the eligible applicants.

The company finalised basis of allotment of the issue in consultation with BSE Limited, the designated stock exchange for the issue. The company’s meeting held on Wednesday was in relation to the rights issue of partly paid equity shares of face value of Rs5 each of the company along with warrants.

At around 2.47 pm, Mold-Tek Packaging Ltd was trading at Rs301.50 per piece up by Rs1.3 or 0.43% from its previous closing of Rs300.20 per piece on the BSE.


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