Right Issue
Heritage Foods Limited
Please note that the Board of Directors of the Company at their meeting held on today i.e. September 30, 2022 approved the following items:
• Rights Issue : To Issue equity shares in the ratio of 1:1 by way of Rights Issue basis at the face value of Rs.5/- each per equity shares to the existing shareholders of the Company as on the record date (to be
notified later).
• Right Issue Price – Rs.5/- (Rupees Five Only) per rights equity share.
• Total number of securities proposed to be issued - 4,63,98,000
• Further the Board has constituted and authorised ‘Rights Issue Committee’ to decide detailed terms and conditions of the Issue, including but not limiting to deciding the payment modalities/schedule thereof,
record date, timings, other terms and conditions and all other related matters etc.
• The promoter and promoter group of the company may subscribe to all the unsubscribed shares in the issue, if any.
Note :-
Outstanding Equity Shares:
Prior to the Rights Issue 4,63,98,000 Equity Shares
Post Rights Issue 9,27,96,000 Equity Shares
*Issue Size = Rs.23.19 crore*
CMP = Rs.336.15
*Right Issue Price = Rs.5/-*
MCAP= Rs. 1559.67 crores
*Rights Entitlement Ratio: 1 equity share for every 1 equity shares*