Board Of Multibagger Mid Cap FMCG Stock Approves Rights Issue: Check Record Date

The board of directors of mid-cap company, Hatsun Agro Product Ltd on Saturday considered and approved the terms of the Rights Issue and other related aspect in connection with the rights issue of equity shares.

Earlier, the company on September 19, 2022 approved the offer and issuance of fully paid-up equity shares of the Company (the "Equity Shares") for an amount aggregating up to Rs. 400 crores, by way of a rights issue to the eligible equity shareholders of the Company ("Rights Issue"). Check key takeaways below:

1. Board Of Hatsun Agro Product Approves Terms Of Rights Issue

According to the BSE filing, "The Rights Issue Committee of the Board at its meeting held on Saturday, December, 3, 2022 has inter alia considered and approved the following:

a. Total number of Equity Shares and Rights Issue size: up to 71,85,444 fully paid-up Equity Shares aggregating up to Rs. 301,07,01,036 (Ru v.ees Three Hundred One Crores Seven Lakhs One Thousand and Thirty Six only) . :

b. Rights Issue Price: Rs. 419 per Equity Share (including a premium of Rs. 418 per Equity Share)

c. Record Date: Thursday, 8'" December, 2022

d. Rights Issue period: a. Rights Issue Opening Date: Monday, 19"" December, 2022 b. Rights Issue Closing Date: Monday, 9" January, 2023."

2. Hatsun Agro Product Stock Outlook

The current market price of the stock is Rs 945 apiece with an intraday dip of 1.43%. The stock's 52-week high is Rs 1374 apiece and 52-week low is Rs 806 apiece, respectively.

3. Hatsun Agro Product Return

The stock has given a return of 43% in last 5-years, 117% return in last 3-years, and declined 29% in last 1-year.

4. Hatsun Agro Product About

HAP manufactures and markets products that cater to both cooking and consumption, like, milk, curd, ice creams, dairy whitener, skimmed milk powder, ghee, paneer and lots more.

Some of the popular products of the company include Arun Icecreams, Arokya Milk, Hatsun Curd, Hatsun Paneer, Hatsun Ghee, Hatsun Dairy Whitener and Ibaco have become popular choices across the country.

The company also has a healthy global presence with dairy ingredients exported to 42 countries around the world - primarily in America, the Middle East and South Asian markets.

Disclaimer

The stock gives details related to Right Issue. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.