Wardwizard Innovations board allots over 56.70 lakh rights shares; Stock soars 2%

16 Mar 2022 , 10:20 AM

The Board of Directors of Wardwizard Innovations & Mobility Limited in its meeting held on Tuesday, March 15, 2022 have considered and approved the allotment of 56,70,303 equity shares pursuant to Rights Issue to its existing equity shareholders as on the record date i.e. January 22, 2022 at Issue price of Rs82/- per Equity Share including share premium of Rs81/- per share and on application which constitutes 50% of the Issue Price (i.e Face Value of Rs0.50/- and Share Premium of Rs40.50/-) and the balance Rs41/- per Rights Equity Share which constitutes 50% of the Issue Price, will have to be paid, on one or more subsequent Call(s), as determined by the Board at its sole discretion, said company in a filing.

At around 10:20 AM, Wardwizard Innovations was trading at Rs80.75 per share higher by 2.02% on the BSE.

Previously, the scrip ended at Rs79.15 per share on the BSE.