Jet Freight Logistics Limited approves rights issue of 1:1

Jet Freight Logistics Share

On December 14, 2022, the Right Issue Committee of the Board of Directors of Jet Freight Logistics Limited approved the issuance of 2,32,01,892 fully paid-up right equity shares with a face value of ₹ 5/- each at an issue price of ₹ 16.25/- per share, totaling an amount of ₹ 37,70,30,745/- (Rupees Thirty-Seven Crore Seventy Lakh Thirty Thousand Seven Hundred and Forty-Five only). These shares will be issued to the existing equity shareholders of the company in a ratio of 1 fully paid-up equity share for every 1 fully paid-up equity share held by existing shareholders on the record date, which will be determined by the Board of Directors/Committee.

On Thursday, January 05, 2023, the Right Issue Committee met and set the record date for determining the shareholders who are eligible to apply for the Rights Equity Shares as Wednesday, January 11, 2023.

The Right Issue Committee also approved the following schedule for the Rights Issue:

  • Opening Date: January 20, 2023
  • Closing Date: January 31, 2023

The Committee has approved the Letter of Offer, Abridged Prospectus, and other documents for the Right Issue on this schedule.

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