Xelpmoc Design board approves fundraise of Rs27cr; Stock trades flat

The company will issue 7.2 lakh equity shares of the company of face value of Rs10 each at an issue price of Rs375 per share on a preferential basis.

Jul 16, 2021 12:07 IST India Infoline News Service

Xelpmoc Design and Tech Limited board on Thursday has approved raising of funds by issuing up to 7.2 lakhs equity shares of the company of face value of Rs10 each at an issue price of Rs375 per share aggregating up to Rs27cr on a preferential allotment basis.

The company’s board has also approved an increase of authorized share capital of the Company from the existing Rs15cr divided into 1.50cr equity shares of Rs10 each to Rs25cr divided into 2.50cr equity shares of Rs10 each, by creation of 1cr additional equity shares of Rs10 each.

Ata round 12.47 pm, Xelpmoc Design and Tech Limited was trading at Rs443.15 per piece down Rs1.00 or 0.23% on the BSE.

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