Pefect Infra Engineers to offer right shares worth Rs. 1158 lakh
The issue opens on August 14, 2023.
Mumbai Mumbai based Perfect Infraengineers Ltd. (PIL) is a NSE listed company. It is coming out with a rights issue of 64,32,000 equity shares of Rs. 10 each with a fixed price of Rs. 18 per share (including a premium of Rs. 8 per share), to mobilize Rs. 1157.76 lakh. The issue opens for subscription on August 14, 2023, and will close on August 24, 2023. KFin Technologies Ltd. is the registrar of the issue.
The company is offering rights shares in the ratio of 58 shares for every 100 shares held by the eligible shareholders on the record date – August 01, 2023. As an investor friendly gesture, the company is asking for Rs. 7 per share (including a premium of Rs. 4 per share) on application. Balance Rs. 11 to be paid by one or more subsequent calls as determined by the Board of Directors, from time to time.
The company will utilize net proceeds from this issue in a staggered way for repayment/prepayment of unsecured loans availed from the promoters and promoter group to the tune of Rs. 143.76 lakh, for incremental working capital needs of Rs. 769.00 lakh and general corporate purposes Rs. 200.00 lakh.
