After 3:1 Bonus Shares Ashish Kacholia Stock To Open 1:5 Rights Issue: Do You Own?

A small-cap IT company with a market worth of around Rs 300 Cr is Dudigital Global. After announcing bonus shares in a 3:1 ratio with an ex-date of Friday, June 02, 2023, the company announced a rights issue in a 1:5 ratio on Wednesday.

"With regard to the captioned subject, please note that the Company has proposed a Rights Issue of upto 1,16,22,080 fully paid-up Equity Shares of face value of Rs 2/- each ("Rights Equity Shares") for cash at a price of Rs. 26.50/- per Rights Equity Share, for an aggregate amount of upto Rs.3,079.85/- Lakh on rights basis to the eligible shareholders of the Company in the ratio of 1 Rights Equity Share for every 5 Fully Paid-up Equity Shares held by the Eligible Equity shareholders as on the record date," said Dudigital Global in a stock exchange filing.

The record date for the rights issue was Friday, September 22, 2023, and the issue will open on Friday, September 29, 2023. The issue will close on Saturday, October 14, 2023. The company has fixed Tuesday, October 10, 2023 as last date for on-market renunciation.
The Royal Thai Embassy in New Delhi awarded the coveted contract for the processing of visa to DU Digital Global Limited on Wednesday.

The company will take over the crucial responsibility of processing and submitting visa applications for prospective travellers as of October 1, 2023. Speaking about the achievement, Mr. Rajji Rai, Chairman of DU Digital Global Limited, said, "Securing this partnership with the Royal Thai Embassy is a testament to the global trust and excellence associated with DU Digital Global. Our seasoned team stands ready to provide a seamless and efficient visa application process for all applicants, reinforcing our leadership in delivering world-class administrative services for governments worldwide."

On September 26, DuDigital Global Limited teamed up with EaseMyTrip to begin a transformational journey to revolutionize passport and visa services. "The alliance between DuDigital Global Limited and EaseMyTrip is poised to elevate the visa and passport services experience. Leveraging EaseMyTrip's extensive knowledge of the travel industry, this partnership aims to simplify and enhance every facet of the travel documentation process, delivering unparalleled convenience to customers," said the company in a stock exchange filing.

Nishant Pitti, CEO, and Co-founder of EaseMyTrip, said "We are thrilled to unite with DuDigital Global Limited in this transformative endeavor. Our collaboration harnesses DuDigital's global expertise in administrative services and our deep-rooted knowledge of the travel industry. Together, we are committed to introducing comprehensive solutions that not only simplify the visa and passport application process but also set new standards for service excellence."

Rajji Rai, Chairman of DuDigital Global Limited, said "This partnership signifies a significant milestone in our journey to redefine administrative services. We are excited about the possibilities it holds for enhancing the travel documentation experience. Our joint efforts with EaseMyTrip underscore our dedication to excellence and innovation."

"The partnership marks a pivotal moment in the evolution of visa and passport services. DuDigital Global Limited and EaseMyTrip share a vision of redefining travel documentation and elevating the overall travel experience for individuals and businesses alike," as per a stock exchange filing.

On Thursday, the shares of Dudigital Global were trading at Rs 45.75 down by 4.49% from the previous close of Rs 47.90. Ashish Kacholia owned 7,20,000 shares, or 4.96 per cent stake in the firm, as of June 2023.