Board of Integra Essentia approves terms of rights issue

3 May 2022 , 01:33 AM

The Board of Integra Essentia at its meeting held on 28 April 2022 has approved the terms of the rights issue of equity shares of the company Issue size – up to 276684812 equity shares of face value of Re 1 each for an amount aggregating up to Rs 4980 crore Issue price – Rs 180 per equity share including premium of Re 080 per share Record date – 05 May 2022 Rights issue opening date – 16 May 2022 Last date for renunciation of rights entitlement – 24 May 2022 Rights issue closing date – 30 May 2022 Rights entitlement ratio – 33 equity shares for every 13 equity shares held by the eligible shareholders of the company Outstanding equity shares prior to rights issue – 108997047 equity shares of Re 1 each Outstanding equity shares post rights issue – 385681859 equity shares of Re 1 each Terms of payment – full amount of Rs 180 per equity shares payable on application