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Board of Bajaj Electricals approves rights issue of up to Rs 350 crore

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At meeting held on 31 January 2020

The Board of Bajaj Electricals at its meeting held on 31 January 2020 has approved rights issue of equity shares for an amount not exceeding Rs 350 crore. The issue size will be up to 1,12,90,142 equity shares. The issue price has been fixed at Rs 310 per share. The rights entitlement ratio is 13 equity shares for every 118 equity shares held by the eligible equity shareholders of the Company on the record date.

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First Published: Feb 01 2020 | 10:02 AM IST

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