TCPL Packaging subscribes to rights issue of its subsidiary 'Creative Offset Printers'

29 Jul 2022 , 09:44 AM

TCPL Packaging Limited has informed that it further invested in Rights Issue of its subsidiary company viz Creative Offset Printers Private Limited (COPPL) and has been allotted 53,101 partly paid-up equity shares, aggregating to Rs3 crore.

 As per the terms of Rights Issue, the consideration of Rs60.00 Lakhs were payable on application and balance of Rs2.40 crore are payable on calls, the company said in a regulatory filing.

Post allotment of shares as aforesaid, the company holds 82.52 % of the share capital of COPPL.

At around 9:45 AM, TCPL Packaging was trading at Rs1,056.45 per share up by Rs9.4 or 0.9% from its previous closing of Rs1,047.05 per share on the BSE.