Hazoor Multi Projects board approves rights issue of Rs45 crore

10 Oct 2022 , 09:18 AM

The Board of Directors of Hazoor Multi Projects Limited at their meeting held on Friday, October 07, 2022 have discussed and approved the offer and issue of fully paid-up equity shares of the Company, on a rights issue to existing eligible equity shareholders of the Company.

As per the filing, the record date of the issue is to be decided later, for an amount not exceeding Rs45 crore (Rupees Forty Five Crores), in accordance with applicable laws, the company said.

Further, for the purposes of giving effect to the Rights Issue, the Board has constituted and authorized the Right Issue Committee to decide the terms and conditions of the Rights Issue, including the amount, instrument, issue price, rights entitlement ratio, record date, timing of the Rights Issue and other related matters.

At around 9:18 AM, Hazoor Multi Projects Ltd is currently trading at Rs82 per share up by Rs0.4 or 0.49% from its previous closing of Rs81.60 per share on the BSE.

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