Key Points of MKVentures Capital Share Right Issue:
- MKVentures Capital has approved a Rights Issue of 4,27,050 equity shares.
- The board of directors approved a Letter of Offer for filing with the BSE Limited and submission to the Securities and Exchange Board of India (“SEBI”).
- The Rights Issue comprises of fully paid-up equity shares of face value of Rs. 10 each (“Rights Equity Shares”).
- The issue price for each Rights Equity Share is Rs. 936/-, and the total issue size is up to Rs. 39,97,18,800/-.
- The issue will be open for subscription from April 17, 2023, to April 25, 2023.
- Eligible shareholders of the Company as on the Record Date, Tuesday, April 04, 2023, will receive 1 (One) Rights Equity Share for every 8(Eight) fully paid-up equity shares held.
- The Rights Issue aims to raise funds and strengthen the company’s capital structure, and eligible shareholders can apply for the Rights Equity Shares during the issue period by paying Rs. 936/- per Rights Equity Share.
Details of MKVentures Capital Share Right Issue:
MKVentures Capital Limited approves Rights Issue, to issue 4,27,050 equity shares
MKVentures Capital Limited’s board of directors held a meeting on March 20, 2023, where they approved a Letter of Offer for filing with the BSE Limited and submission to the Securities and Exchange Board of India (“SEBI”). As part of this offer, the board approved the abridged Letter of Offer, Application Form of Rights Issue, and Rights Entitlement Letter to be sent to eligible equity shareholders of the company.
The Rights Issue will comprise of 4,27,050 fully paid-up equity shares of face value of Rs. 10 each (“Rights Equity Shares”) at an issue price of Rs. 936/- per Rights Equity Share, aggregating up-to Rs. 39,97,18,800/-. The issue will be open from April 17, 2023, to April 25, 2023. Eligible shareholders of the Company as on the Record Date, Tuesday, April 04, 2023, will receive 1 (One) Rights Equity Share for every 8(Eight) fully paid-up equity shares held.
This move aims to raise funds and strengthen the company’s capital structure. Eligible Equity Shareholders can apply for the Rights Equity Shares during the issue period, and payment of Rs. 936/- per Rights Equity Share is payable on application. Don’t miss out on this opportunity to be a part of MKVentures Capital Limited’s growth story.
About MKVentures Capital:
MKVentures Capital is a distinguished venture fund, whose partners are highly respected industry veterans with a collective venture capital experience of over a century. The managing members of MK Capital have successfully managed six venture funds and raised over $300M of capital.
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