Heritage Foods at its board meeting held on 13 January 2023 has approved the following details for the proposed rights issue of 4,63,98,000 equity shares of Rs 5 each for an aggregate amount of Rs 23.19 crore.
(i) Rights Issue opening Date : Monday, 30 January 2023
(ii) Last Date for On-Market Renunciation of Rights Entitlements : Wednesday, 8 February 2023
(iii) Rights Issue Closing Date: 13 February 2023
Outstanding equity shares
Prior to the issue : 4,63,98,000
Post rights issue : 9,27,96,000 (assuming full subscription)
Rights Entitlement Ratio: 1:1 (Fully paid up rights equity share for every 1 fully paid up equity share held by equity shareholders of the Company, as on the record date)
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