• BSE
  • NSE
    • {{d.cmpname}}
    • {{d.price}}
    • ({{d.PerChg}}%)
Equity | News | Hot Pursuit
Hot Pursuit
Minda Inds jumps on raising Rs 242 cr via rights issue
(15:27, 15 Sep 2020)

On 29 June 2020, the company's board had approved the proposal to raise funds not exceeding Rs 250 crore to its eligible shareholders as on the record date.

The company offered 1 rights share for every 27 equity shares held as on the record date set as 17 August 2020. The rights issue opened on 25 August 2020 and closed on 8 September 2020.

The rights issue committee of the company today (15 September 2020) considered and approved the allotment of 97,11,739 equity shares to the eligible applicants in the rights issue at an issue price of Rs 250 per equity share.

The rights issue price is at 32.16% discount compared to the current market price of Rs 368.55 on the BSE.

Pursuant to the allotment, the paid-up equity share capital of the company stands increased from 26.22 crore equity shares to 27.19 crore equity shares.

Minda Industries is a flagship Company of UNO MINDA Group, which manufactures automobile components for original equipment manufacturers (OEMs).

The auto component maker reported consolidated net loss of Rs 118.74 crore in Q1 June 2020 compared with net profit of Rs 56.43 crore in Q1 June 2019. Net sales slumped 71% YoY to Rs 417.11 crore during the quarter.

Currently, the stock is trading 13.02% below its 52-week high of Rs 368.55 hit on 27 January 2020. It has surged 76.97% from its 52-week low of Rs 208.25 hit on 19 March 2020.

In the past one month, the scrip has gained 28.68% while the benchmark S&P BSE Sensex rose 3.13% during the same period.

Powered by Capital Market - Live News

DB (International) Stock Brokers Limited: SEBI Reg. No.-INZ000179035 / CDSL : IN-DP-CDSL-266-2004 MCX-SX:INE 260643233/21500(CD)
Daga Commodities Private Limited: SEBI Reg. No. INZ000028833
Investor Grievances Email ID: compliance@dbonline.in & investors@dbonline.in
Copyright © 2016 All rights Reserved DB (International) Stock Brokers Ltd.     Designed, Developed and content powered by C-MOTS Infotech( ISO 9001:2015 certified )
"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."         "Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day......................issued in the interest of investors."          "No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
Attention Investors ::
subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries