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The Board of Minda Industries at its meeting held on 11 August 2020 has approved the following terms of the rights issue:
(a) Issue Price: Rs 250 per Equity Share (including a premium of< 248 per Equity Share over face value of Rs 2 per Equity Share);
Rights Entitlement Ratio: 1 fully paid-up Equity Shares for every 27 Equity Share held by eligible shareholders as on the record date;
(b) Total No. of Rights Equity Shares Proposed to be issued: 1,00,00,000 fully paid Equity Share of face value of INR 2 each for amount aggregating to Rs 250 crore;
( c) Record Date: the record date for the purpose of determining the equity shareholders entitled to receive
the rights entitlement in the Rights Issue as Monday, 17 August 2020("Record Date");
( d) Rights Issue schedule:
Issue opening date: Tuesday, 25 August 2020
Issue closing date: Tuesday, 08 September 2020;
Issue Period: Tuesday, August 25, 2020 to Tuesday, 08 September 2020 (both days inclusive)
and
Last date for on market renunciation: Thursday, 03 September 2020.
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