Latest news with #RightsIssueCommittee
Business Standard
8 hours ago
- Business
- Business Standard
JMJ Fintech updates on right Issue
The Rights Issue Committee of JMJ Fintech has approved the issue of 2,56,00,000 partly paid-up Equity Shares of the face value of Rs.10/- each at an issue price of Rs.10.50 per Equity Share (including a premium of Rs.0.50 per Equity Share) for an amount aggregating up to X 2688.00 Lakhs to all the existing equity shareholders of the Company on a rights basis (Rights Issue). The issue opens on 18 July 2025 and closes on 16 August date for On Market Renunciation of the Rights Entitlements.
Mint
8 hours ago
- Business
- Mint
Small-cap stock under ₹25 jumps 5% after THIS update on rights issue
Infibeam Avenues share price jumped over 5% on Monday after the company shared an update regarding its rights issue. Infibeam Avenues shares rallied as much as 5.13% to ₹ 22.95 apiece on the BSE. Infibeam Avenues said its Rights Issue Committee will meet on 19 June 2025 to consider and approve various terms of the rights issue. It will discuss and finalise rights issue record date, price, entitlement ratio and other terms. '... the meeting of the Rights Issue Committee is scheduled to be held on Thursday, June 19, 2025 inter alia to consider discuss and approve various terms and conditions of the Rights Issue including determination of the Rights Issue price, Record Date and Rights Entitlement ratio and other matters incidental or connected therewith and to consider other business items, if any,' Infibeam Avenues said in a regulatory filing on June 16. Earlier on June 09, Infibeam Avenues said its Rights Issue Committee at its meeting considered and approved the Draft Letter of Offer in relation to the Rights Issue of the company to be filed with BSE and National Stock Exchange of India (NSE) for their in-principle approvals. The board of directors of Infibeam Avenues on May 9 had approved raising of funds through issue of equity shares having face value of Re 1 for an aggregate amount of ₹ 700 crores on Rights Issue. Infibeam Avenues share price has gained 20% in one month, and rallied 26% in three months. However, the small-cap stock has fallen 13% on a year-to-date (YTD) basis, and has dropped 27% in one year. Infibeam Avenues shares have delivered strong returns over the long term, as the stock has jumped 55% in two years and 85% in five years. At 3:05 PM, Infibeam Avenues share price was trading 3.53% higher at ₹ 22.60 apiece on the BSE.
Mint
10 hours ago
- Business
- Mint
Small-cap stock under ₹25 jumps 5% after THIS update on rights issue
Infibeam Avenues share price jumped over 5% on Monday after the company shared an update regarding its rights issue. Infibeam Avenues shares rallied as much as 5.13% to ₹ 22.95 apiece on the BSE. Infibeam Avenues said its Rights Issue Committee will meet on 19 June 2025 to consider and approve various terms of the rights issue. It will discuss and finalise rights issue record date, price, entitlement ratio and other terms. '... the meeting of the Rights Issue Committee is scheduled to be held on Thursday, June 19, 2025 inter alia to consider discuss and approve various terms and conditions of the Rights Issue including determination of the Rights Issue price, Record Date and Rights Entitlement ratio and other matters incidental or connected therewith and to consider other business items, if any,' Infibeam Avenues said in a regulatory filing on June 16. Earlier on June 09, Infibeam Avenues said its Rights Issue Committee at its meeting considered and approved the Draft Letter of Offer in relation to the Rights Issue of the company to be filed with BSE and National Stock Exchange of India (NSE) for their in-principle approvals. The board of directors of Infibeam Avenues on May 9 had approved raising of funds through issue of equity shares having face value of Re 1 for an aggregate amount of ₹ 700 crores on Rights Issue. Infibeam Avenues share price has gained 20% in one month, and rallied 26% in three months. However, the small-cap stock has fallen 13% on a year-to-date (YTD) basis, and has dropped 27% in one year. Infibeam Avenues shares have delivered strong returns over the long term, as the stock has jumped 55% in two years and 85% in five years. At 3:05 PM, Infibeam Avenues share price was trading 3.53% higher at ₹ 22.60 apiece on the BSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
28-04-2025
- Business
- Mint
Small-cap stock below ₹50 edges higher after THIS rights issue update. Details here
Small-cap stock under ₹ 50: Shares of Nakoda Group of Industries, engaged in the packaged foods segment, rose nearly 2% on Monday, April 28, after the company post-market hours on Friday, announced the second and final call on rights issue along with the record date. The company in a filing said that the Rights Issue Committee of the Board of Directors of the company on Friday approved the making of the second and final call of ₹ 10 on the outstanding 49,54,654 partly paid-up equity shares of the company, having a face value ₹ 10/- each with ₹ 8.75/- paid-up (Rights Equity Share(s)) which were allotted on July 6, 2024, on a right basis. The company added that out of the ₹ 10 final call made, ₹ 4 will be adjusted towards face value and ₹ 6 will be adjusted towards securities premium. Nakoda Group of Industries, further informed that it has fixed Friday, May 9, 2025, as the record date to determine the holders of rights equity shares to whom the call notice for the second and final call will be sent. 'In terms of Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015, this is to further inform that the Record Date for the purpose of determining the holders of Rights Equity Shares to whom the call notice for the Second and final call will be sent is Friday, May 09, 2025,' the small-cap company said in a filing. Following the announcement, Nakoda Group of Industries share price was trading higher. The small-cap stock, with a market capitalisation of just ₹ 59 crore, opened at ₹ 32.68 apiece, slightly higher than its previous closing price of ₹ 32.33. Thereafter, the stock extended gains and hit the day's high of ₹ 32.89, up 1.73% on the BSE. The day's low for Nakoda Group of Industries stock stood at ₹ 32.49. Nakoda Group of Industries stock has fared poorly off late, shedding 29% in the past one year and 12% in the last six months. However, on a five-year basis, the small-cap stock below ₹ 50, has surged 139%.
Mint
28-04-2025
- Business
- Mint
Small-cap stock below ₹50 edges higher after THIS rights issue update. Details here
Small-cap stock under ₹ 50: Shares of Nakoda Group of Industries, engaged in the packaged foods segment, rose nearly 2% on Monday, April 28, after the company post-market hours on Friday, announced the second and final call on rights issue along with the record date. The company in a filing said that the Rights Issue Committee of the Board of Directors of the company on Friday approved the making of the second and final call of ₹ 10 on the outstanding 49,54,654 partly paid-up equity shares of the company, having a face value ₹ 10/- each with ₹ 8.75/- paid-up (Rights Equity Share(s)) which were allotted on July 6, 2024, on a right basis. The company added that out of the ₹ 10 final call made, ₹ 4 will be adjusted towards face value and ₹ 6 will be adjusted towards securities premium. Nakoda Group of Industries, further informed that it has fixed Friday, May 9, 2025, as the record date to determine the holders of rights equity shares to whom the call notice for the second and final call will be sent. 'In terms of Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015, this is to further inform that the Record Date for the purpose of determining the holders of Rights Equity Shares to whom the call notice for the Second and final call will be sent is Friday, May 09, 2025,' the small-cap company said in a filing. First Published: 28 Apr 2025, 11:50 AM IST
