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BSE SENSEX
73,895.54
+17.39
+0.02 %
Corporate Announcement
Security Code
501351
Company
RAPID INVESTMENTS LTD.
Exchange Received Time
24/04/2024 19:29:35
Exchange Disseminated Time
24/04/2024 19:29:37
Time Taken
00:00:02
Board Meeting Outcome for Outcome Of The Board Meeting Held On April 24, 2024 As Per Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015, As Amended |
4/24/2024 7:29:37 PM
1. The Board approved the offer and issuance of equity shares of the Company (the "Equity Shares") for an amount, including premium, not exceeding Rs. 10 Crores (Rupees Ten Crores Only) by way of a rights issue to the eligible equity shareholders of the Company as on the record date (to be determined and notified subsequently), in accordance with applicable laws, including the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, subject to such approvals, as may be required under the applicable laws ("Rights Issue"). 2. The Board constituted a Rights Issue Committee for the purposes of giving effect to the Rights Issue, the detailed terms in relation to the Rights Issue, including but not limited to the issue price, rights entitlement ratio, record date, timing and terms of payment will be determined in due course. The Meeting concluded at 7.00 pm
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