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Praxis Home Retail board to consider rights issue terms on Sept 2; Stock jumps 5%

Praxis Home Retail operates an online portal and retails store for the sale of home furnishing products.

August 31, 2021 9:43 IST | India Infoline News Service
Praxis Home Retail Ltd stocks in a sharp rally after it has informed to the exchange regarding consideration of rights issue term.

A meeting of the Board of Directors is proposed to be held on Thursday, September 02, 2021 to consider, discuss and decide, inter alia, various matters in connection with the Rights Issue, including the specific terms of the Rights Issue.

It includes determination of the Rights Issue price, Rights Issue size, rights entitlement ratio, the record date of the Rights Issue and other matters incidental or connected therewith.

Praxis Home Retail operates an online portal and retails store for the sale of home furnishing products.

At around 9:40 AM, Praxis Home Retail was trading at Rs44.20 per piece higher by 4.99% on the BSE. Previously, on Monday, the stocks finished at Rs42.10 per piece.

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