Shoppers Stop Limited’s Right Issue Committee approved the allotment of 2.13 crore rights equity shares of Rs5 each at a price of Rs140 per rights equity share (including a premium of Rs135 per share).
After the allotment of rights equity shares, the paid-up equity shares stands increased from 8.80cr equity shares of Rs5 each to 10.94cr equity shares of Rs5 each.
The company in the meeting held on October 16, 2020, had approved the offer and issuance of equity shares of the company by way of the rights issue to eligible equity shareholders of the company as on the record date for an amount aggregating to Rs300cr.
At around 10.32 am, Shoppers Stop Ltd was trading at Rs213.70 per piece down by Rs2.25 or 1.04% on the BSE.
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