Makers Lab spurts ~6% as board fixes record date for right issue worth Rs1475.09 lakh

29 Mar 2022 , 03:20 PM

Makers Laboratories Limited’s counter jumped nearly 6% in sync with broader indices as the company informed investors of fixing the record date for the purposes of the right issue.

The company informed in its filing that the Committee of the Board of Directors of the Company at their meeting held today have fixed Friday, April 1, 2022, as the ‘Record Date’ for determining the entitlement of the members in the rights equity issue of 9,83,396 equity shares of the face value of Rs10 each at Rs150 per share, including a premium of Rs140 per share, in the ratio of 1 equity share of Rs10 each for every 5 equity shares of Rs10 each held as on the record date.

The total amount of acquisition is Rs1,475.09 lakh. The company fixed the right entitlement ratio at 1 equity share for every 5 equity shares held as on record date.

At around 3.24 PM, Makers Laboratories Ltd is currently trading at Rs199.90 up by Rs11.75 or 6.25% from its previous closing of Rs188.15 on the BSE. Its scrip has touched intraday high and low of Rs199.90 and Rs188 respectively.