Stocks

KDDL extends rights issue to May 3

Our Bureau Chennai | Updated on April 16, 2021

KDDL has extended the closing date of its rights issue by 10 days to May 3. The company has proposed to issue up to 10.87 lakh shares at ₹230 a share. The Rights entitlement ratio has been fixed as 7:75 (seven rights shares for every 75) held by the eligible shareholders as on the record date, which is March 31. The company plans to raise ₹25 crore through the rights issue. The issue, which opened on April 9, was supposed to close on April 23. On Friday, the stock of KDDL closed 20 per cent higher at ₹361.85 on the BSE.

Published on April 16, 2021

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

  1. Comments will be moderated by The Hindu Business Line editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.