Kaya's stock jumps over 2% as board nods Rights Issue upto Rs200 crore

30 May 2022 , 01:28 PM

Kaya Limited informed the exchanges and investors that the board of directors has considered and approved the allotment of equity shares to the existing shareholders of the company on a rights issue basis.

The aggregate amount for such an issue will not exceed Rs200 crore.

The company stated in its filing, “Considered and approved, amongst others, to create, offer, issue and allot such number of equity shares, other eligible securities, convertible securities or a combination of the any of the aforementioned securities of the Company as is permitted under the Securities and Exchange Board (Issue of Capital and Disclosure Requirements) Regulations, 2018 as amended to the existing shareholders of the Company as on the record date to be specified on a rights issue basis for an aggregate amount not exceeding Rs200 crore”.

Kaya’s scrip is currently trading at Rs322.30 up by Rs6.9 or 2.19% from its previous closing of Rs315.40 on the BSE. It touched intraday high and low of Rs333 and Rs315.30 respectively.