Shree Rama Multi-Tech Allocates of 7 Crore Rights Equity Shares
In a recent development, Shree Rama Multi-Tech Limited’s Rights Issue Committee, comprising the Board of Directors, has given its approval for the allocation of 7 crore rights equity shares. The meeting took place on July 3, 2023. These equity shares hold a face value of Rs. 5 each and were priced at Rs. 9 per rights equity share, including a share premium of Rs. 4 per share. The Basis of Allotment was finalized in consultation with BSE Limited, the designated stock exchange, as well as the lead manager and registrar to the issue.
Following this allocation, the company’s paid-up equity share capital will stand at Rs. 66,76,03,025*, consisting of 13,34,68,005 fully paid-up equity shares of Rs. 5 each.
About Dhruv:
Shree Rama Multi-Tech Limited produces various products for the packaging industry. The company’s range of merchandise includes plastic tubes and closures, barrier films, woven fabrics, as well as a variety of labels and stickers.
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