Rights issues 2024: Markobenz Ventures, Spectrum Foods shares to trade ex-rights today — March 27

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Rights issues 2024: Shares of Markobenz Ventures Ltd and Spectrum Foods Ltd will be in focus when the stock market opens on March 27 (Wednesday). The Board of Directors of the 2 companies have declared rights issue of equity shares for their eligible shareholders. The 2 companies have fixed March 27, 2024 as the record date for the purpose of determining the eligibility of equity shareholders to receive the rights entitlement in the rights issue.

ALSO READ: Stocks to buy: Coal India, Bajaj Finance, JSW Energy, Policybazaar among 12 stocks The Board of Directors of the company declared issuance of the equity shares of face value of ₹ 10/- each for an amount not exceeding ₹ 15 crore by way of rights issue to the eligible equity shareholders. According to Markobenz Ventures’ stock exchange filing, the rights issue size is “1,50,00,000 Fully Paid-up Equity Shares of ₹10/- each aggregating to an amount of ₹15,00,00,000 in total" and the rights issue price has been fixed at ₹10/- per rights equity share (including a premium of ₹0/- per rights equity share). The amount of Rs10/- per rights equity share (including premium of ₹0) to be paid on application.

The Board of Directors approved the issue of equity shares of face value of ₹10 each by way of a rights issue to the eligible shareholders. ALSO READ: More stock market news In a stock exchange filing, Spectrum Foods said: “Approved the issue of 1,93,93,544 Partly Paid-up Equity Shares of face value of Rs. 10/- each at an issue price of Rs.

20/- per Equity Share (including a premium of Rs. 10/- per Equity Share) aggregating to Rs. 38,78,70,880 to all the existing equity shareholders of the Company on a rights basis (“Rights Issue")." Shares of Markobenz Ventures Ltd and