RAMCO SYSTEMS LTD. - Outcome of Rights Issue Committee meeting to consider terms of the Rights Issue
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| 10 Apr 2014 | |
| Ramco Systems Ltd has informed BSE that a meeting of the Rights Issue 2013 Committee of the Board of Directors was held on April 09, 2014 to consider the terms of the Rights Issue and for fixing the record date. Accordingly, please find the details approved by the said Committee with respect to the Rights Issue:<br/><br/>1. Rights Issue Size: 79,58,293 Equity Shares with a face value of Rs. 10/- each<br/><br/>2. Rights Entitlement Ratio: 1:2, i.e. One equity share for every Two fully paid-up equity shares of Rs. 10/- each held as on the Record Date.<br/><br/>3. Rights Issue Price: Rs. 155/- per Rights Equity Share. (including a premium of Rs. 145/- per equity share)<br/><br/>4. Issue Opening Date: May 05, 2014; Issue Closing Date: May 19, 2014 (The Issue Closing date may be extended by the Committee to an extent that the issue remains open for a period not exceeding 30 days from Issue Opening Date)<br/><br/>5. Terms of payment: The entire Rights Issue Price, i.e. Rs. 155/-, shall be payable on application.<br/><br/>6. All the equity shares to be issued pursuant to the Issue shall rank pari passu with the existing equity shares of the Company. | |
| View all announcements for RAMCO SYSTEMS LTD. | Source: BSE India |
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