Pacific Industries Ltd. approves 1:1 rights issue at Rs.139

Pacific Industries Ltd Share

On Thursday, January 20th, 2022, at a meeting of the board of directors of Pacific Industries Ltd, it was decided to approve the issuance of fully paid-up equity shares of the company (the “Equity Shares”) for a total amount of up to Rs. 48 Crores through a rights issue to the eligible equity shareholders of the company.

The board of directors of the company, at their meeting held today, have considered and approved the following terms of the Rights Issue:

The total number of Equity Shares and size of the Rights Issue will be up to 34,46,325 fully paid-up Equity Shares, totaling up to Rs. 47,90,39,175/- (Rs. Forty-Seven Crore Ninety Lakhs Thirty Nine Thousand One Hundred Seventy Five Only).

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