ISSUE OF UP TO 2,00,00,000 FULLY PAID UP EQUITY SHARES OF FACE VALUE OF INR 10 EACH OF EMERALD FINANCE LIMITED (FORMERLY EMERALD LEASING FINANCE AND INVESTMENT COMPANY LIMITED)
The Company is coming up with a Rights Issue of up to 2,00,00,000 fully paid up Equity Shares of face value of INR 10 each of company (the “equity shares”) for cash at par not exceeding INR 2,000 Lakhs on a Rights Basis to the Eligible Equity Shareholders of the Company in the ratio of 42 Equity Shares for every 19 fully paid-up Equity Shares held by the Eligible Equity Shareholders on the Record Date, that is on Thursday, January 28, 2021 (“the Issue”). The issue price of each Rights Equity Share is at Par to the face value of the Equity Share.
Following is the important schedule and details in relation to the Rights Issue:
|Issue Opening Date||Monday, March 22, 2021|
|Opening of Trading of Rights Entitlements||Monday, March 22, 2021|
|Last date for on Market Renunciation||Thursday, April 1, 2021|
|Issue Closing Date||Monday, April 5, 2021|
The Company has already credited the Rights Entitlements to the demat accounts of the Eligible Equity Shareholders.