Add-Shop E-Retail Ltd’s Rs. 48.90 crores Rights Issue to open on August 17
Mr. Dinesh Pandya, CMD, Add-Shop E-Retail Ltd
Rights Issue priced at Rs. 54 per share - 36% discount to share price on 11 Aug;
Rights Issue opens on August 17 and closes on August 30Highlights:-· Funds raised through the issue will be used to meet working capital requirements for the company’s business activities and general corporate purposes· The rights entitlement ratio for the proposed rights issue is 1:1; 1rights equity shares of Rs. 10 each for every 1 equity share of Rs.10 each held by the equity shareholders· The company has fixed August 8 as the record date to determine the equity shareholders entitled to receive the rights entitlement in the rights issue· For FY22, the company reported a 148% rise in Net profit to Rs. 19.1 crores; sale...