HUBTOWN LTD. - Board to consider Rights Issue

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25 Apr 2022
Hubtown Ltd has informed BSE that a meeting of the Board of Directors of the Company, is scheduled to be held on April 28,<BR>2022, inter alia, to consider and approve :<BR><BR>1. the issue of Securities (convertible warrants) on preferential allotment basis to persons forming part of Promoter and Promoter Group of the Company in terms of Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, subject to the receipt of applicable regulatory, statutory and lenders approvals; and<BR><BR>2. the proposal of raising of funds by issue of Equity Shares by way of a Rights Issue to the eligible equity shareholders of the Company in accordance with the Companies Act, 2013 and the rules framed thereunder, the Securities and Exchange Board of India (Issue of capital and Disclosure Requirements) Regulations, 2018 and subject to the receipt of applicable regulatory, statutory and lenders approvals.
View all announcements for HUBTOWN LTD.	Source: BSE India

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