HCL Infosystem plans to raise Rs. 499 crore through rights issue
DSIJ Intelligence / 23 Oct 2017
The company will allocate 10,61,90,299 shares to its existing eligible shareholders. Further, the company said that the issue is to be made at price of Rs. 47 which is inclusive of premium of Rs. 45.
HCL Infosystem has mentioned in its filing to the exchanges that it is going to raise Rs. 499.09 crore through rights issue.
Under this issue, the company will allocate 10,61,90,299 shares to its existing eligible shareholders. Further, the company said that the issue is to be made at price of Rs. 47 which is inclusive of premium of Rs. 45.
Going ahead as per the filing record date for determining the eligible shareholders who can apply for the shares in the right issue will be November 1, 2017. And the entitlement ratio will be 10:21 that is 10 rights equity share will be issued to eligible shareholders for every 21 equity share held.
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