Stocks in focus: Shares of Asit C Mehta to trade ex-rights, Somany Ceramics to trade ex-buyback today
stock market opens on Friday (December 15). The Board of Directors of Asit C Mehta Financial Services at a meeting held on December 1 approved the Rights Issue. The company has revised its record date to December 15.
Earlier, the record date was December 7, 2023. Also Read: Sensex surging: Will this be the new normal? In a stock exchange filing, Asit C Mehta Financial Services said: “We now wish to inform you that the record date for the said issue is revised to Friday , December 15,2023, since there is a change in issue price from Rs. 151.44 per equity share (including a premium of Rs.
141.44 per equity share) to Rs. 137.45 per Equity Share (including a premium of Rs. 127.45 per Equity Share) calculated as per the provisions of Regulation l0(a) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011." The board has decided and fixed ₹4,987.60 lakh as the Right Issue size, said the company.
Also Read: Gold extends gains after Fed rate cut outlook lowers US dollar, treasury yields According to the exchange filing, the Right entitlement ratio is 133 new equity shares for every 200 existing equity shares held by the eligible shareholders as on the record date. The Board of Directors of Somany Ceramics Ltd has declared a buy back of fully paid-up equity shares having face value of ₹2 each at a price of ₹850 per equity share. The company has fixed December 15 as the record date to ascertain eligibility of shareholders for the buy back of shares.
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