Choice International announces details for rights issue

19 Jan 2022 , 01:34 AM

Choice International announced that the Rights Issue Committee of the company at its meeting held on 14 January 2022 has approved the following 1 Rights Issue Size The committee has noted the reduction in the proposed Rights Issue Size from Rs 60 crore to Rs5075 crore 2 Right Shares 9951200 Equity Shares of Rs 10 each 3 Rights Issue Price Rs 51 per Equity Shareincluding a premium of Rs41 per equity shares 4 Rights Entitlement Ratio 1 Equity Share for every 4 existing share held by the eligible shareholder as on the record date Right issue opening date – 01 February 2022 Last date for market renunciation – 10 February 2022 Issue closing date – 15 February 2022