Share Market News: Integra Essentia Approves Rights Issue: Check Full Details Here

Rights Issue: FMCG company Integra Essentia has informed exchanges that its board has approved a proposal for the rights issue. The company has also shared details like the right entitlement ratio, issue price and others.
Check the details below:
Instrument:
Fully Paid-up Equity Share of 1/- Each.
Total number of securities proposed to be issued:
Up to 15,26,34,538 Equity Shares of face value of Re. 1/- each for an amount aggregating up to Rs. 4992.80 Lakhs
Right Entitlement Ratio:
20:119 i.e. 20 equity shares for every 119 fully paid equity shares held by the existing shareholders on the record date.
Rights Issue Price:
Rs 3.25 per rights equity share (including a premium of Rs 2.25 per rights equity share).
Record Date:
Saturday, June 1, 2024, has been fixed as a record date for the purpose of determining the equity shareholders entitled to receive the rights entitlement in the rights issue.
Rights Issue Period:
– Rights Issue Opening Date: Tuesday, June 11, 2024
– Last Date for on Market Renunciation of Rights Entitlement: Thursday, June 20, 2024
– Rights Issue Closing Date: Tuesday, June 25, 2024
According to Trendlyne data, LIC has more than a 1 per cent stake in the company.
Meanwhile, FMCG firm Integra Essentia has informed exchanges that it has received its fresh order from the Agri division of the ITC Group. According to an exchange filing, this is the first order that the company has received from ITC Group.
The company said that the order is for supplying 500 MT of Rice.