Wardwizard Innovations Mobility update on rights issue

22 Jan 2022 , 01:34 AM

Wardwizard Innovations Mobility has provided the following update for proposed rights issue a Number of Rights Equity Shares to be issued and the size of the Issue 5962373 Equity Shares for an amount aggregating upto Rs 488914586 assuming full subscription b Rights Issue Price Rs 82 per Rights Equity Share c Face Value Re 1 per share d Premium Rs 81 per share e Rights entitlement ratio 143 which mean for 1 one Rights Equity Share for every 43 forty three held by eligible Equity Shareholders of the Company as on the record date f On Application Investors will have to pay Rs 41 per Rights Equity Share which constitutes 50Percentage of the Issue Price and the balance Rs 41 per Rights Equity Share which constitutes 50Percentage of the Issue Price will have to be paid on one or more subsequent Calls as determined by the companys Board at its sole discretion g Record Date the record date for the purpose of determining the equity shareholders who are entitled to receive the Rights Entitlement in Rights Issue is 22 January 2022 h Issue opening Date 31 January 2022 Issue Closing Date 14 February 2022