The company is issuing 8,219,475 units of right shares to its existing shareholders at a ratio of 1:3.
The company has appointed Siddhartha Capital Limited as its issue manager. The interested shareholders can apply for the right shares from Naxal office of the issue manager, all branches of Everest Insurance, all C-ASBA approved BFIs and through meroshare software.
The company closed its book on April 22 for the upcoming 300 percent right issue. Thus, the shareholders registered in its book till April 21 will be eligible to apply for the right issue.
Presently, the company has a paid-up capital of Rs 273.9 million that will reach Rs 1.09 billion after the right issue.
