Mangalam Industrial Finance Ltd Rights Issue 2024


Mangalam Industrial Finance Ltd is a public limited company that was incorporated in 1983 and is registered as a non-banking financial company with RBI, Kolkata. It is engaged in the business of investing and financing, mainly in the areas of machinery, land, building sheds, and payment finance.

DETAILS:

ParticularsDetails
Type of Issue:Rights Issue
Issue Price:₹ 3.95/- Per Share
Issue Size (Amount):₹ 48.93 Cr.
Issue Size (Share):12,38,92,721
Rights Issue Ratio:21:163 (21 Rights Equity Share(s) for every 163 fully paid-up Equity Shares)
Face value of Share:₹ 10/-
Record Date:29/01/2024
Bid/Offer Opening Date:12/02/2024
Renunciations Date of Rights:20/02/2024
Bid/Offer Closing Date:26/02/2024
Terms of Payment:The Rights Issue Price of Rs.3.95/- per Equity Share (including premium of Rs.2.95/- per Equity Share) payable on application.

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