LIC-owned penny stock Integra Essentia hits upper circuit ahead of rights issue opening date
Stock market today: Integra Essentia shares are one of the penny stocks listed on Dalal Street. This penny stock is invested in by the Indian insurance behemoth Life Insurance Corporation (LIC) of India.
The small-cap Company has declared the rights issue at ₹3.25 apiece, and the right issue will hit the Indian markets on June 11 2024, i.e. tomorrow.
Ahead of the opening date for the Integra Essential rights issue, the penny stock attracted strong buying interest on Monday. Integra Essentia's share price today opened upside and touched an intraday high of ₹3.57 apiece on NSE.
While climbing to this intraday high, this LIC-owned penny stock touched a 5 percent upper circuit.In May 2024, Integra Essentia informed Indian stock market bourses about the rights issue approval saying, "This is in furtherance to the Company's meeting of the Board of Directors of the Company ("the Board") held on November 27, 2023, Subsequent shareholders' approval obtained through postal ballot on December 29, 2023 for approving the issue of equity shares of face value of Rs. 1 each ("Equity Shares") of the Company by way of a rights issue to the eligible shareholders of the Company for an amount not exceeding Rs.
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