Pharmaceuticals Stock Under Rs 5 Fixes Record Date For Rights Issue, Check Details

Earum Pharmaceuticals Limited in its Board meeting held on 31st March 2023 fixes the record date for the 4:1 Right Issue. According to the regulatory filing, the "Record Date" for the rights issue is fixed on 10th April 2023. Earum Pharmaceuticals is a microcap penny stock operating in the pharmaceuticals sector having a market valuation of Rs 13.01 crore. Check the details to know more:

Earum Pharmaceuticals Limited fixes record date for the rights issue

The company in its exchange filing to NSE has said, "Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements), 2015, the Company has fixed Monday, 10th April, 2023 as the Record Date, for the purpose of ascertaining the eligibility of shareholders entitled for issuance of 4 (Four) Fully paid-up Equity shares of the Company having face value of Rs. 2/- (Rupees Two Only) each for every 1 (One) Equity share held by the eligible existing equity shareholder in the Company on Rights basis ('Rights Issue')."

Earum Pharmaceuticals' Stock Performance and Returns

The stock of Earum Pharmaceuticals last traded at Rs 2.11 apiece, 1.40% down compared to the previous close of Rs 2.14 apiece. The stock hit the 52 new 52 week low on 27 March 2023 at Rs .94 apiece. While the 52 week high on 1 April 2022 at Rs 8.30 apiece.
The stock was listed on 4 July 2019. It has given 41.55% negative return since its listing date. In the past 1 week it has given 4.52% negative return. In the past 1 month, it declined 8.66% and in 3 months it declined 27.99%. In the past 1 year, it declined 61.07%.

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