Board of Integra Essentia approves terms of rights issue

29 Apr 2022 , 09:39 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 27,66,84,812 equity shares of face value of Re 1 each for an amount aggregating up to Rs 49.80 crore.

Issue price – Rs 1.80 per equity share (including premium of Re 0.80 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 – 10,89,97,047 equity shares of Re 1 each.

Outstanding equity shares post rights issue – 38,56,81,859 equity shares of Re 1 each.

Terms of payment – full amount of Rs 1.80 per equity shares payable on application.

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