MEGASOFT LTD. - Corporate Action-Outcome of Right issue
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| 02 Mar 2021 | |
| This is further to the meeting of the Board of Directors of the Company held on February 12, 2021 approving fund raising by way of a rights issue of equity shares of the Company ("Rights Equity Shares") to eligible equity shareholders of the Company as on the record date (to be announced later).<BR> This is to inform you that the Committee in its meeting held on Monday, March 01, 2021, has approved the issue on the following terms: <BR> a) Rights entitlement ratio : 2 Rights Equity Shares for every 3 shares held by eligible Equity Shareholders of the Company as on the record date (to be announced later).<BR> <BR> b) Number of Rights Equity Shares to be issued and the size of the Issue: 2,95,02,748 Equity Shares for an amount aggregating upto ? 29,50,27,480 (assuming full subscription). These numbers and amount are post ignoring the fractional right entitlements as per SEBI Rights Issue Circular. <BR> <BR> c) Rights Issue Price: ? 10 per Rights Equity Share. <BR> | |
| View all announcements for MEGASOFT LTD. | Source: BSE India |
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