Mercury Metals Limited, a small cap company engaged in the business segment, having a market valuation of Rs. 5.47 crores at present. For every equity share owned by eligible shareholders as on the record date, the Company has stated that it will issue 23 (twenty three) rights equity shares for every 1 (one) equity share.
The company, in a regulatory filing, said that “in accordance with the issue and regulation 42 of the Securities and Exchange Board of India (Listing and Disclosure Requirements) Regulations, 2015 and Regulation 68 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 The Board in its meeting held today i.e. Monday, 25th July, 2022 has approved the following terms and conditions:”
a) Total No. of Equity Shares and Right Issue Size: 15,99,14,548 Fully Paid-up Equity Shares Amount each Totaling Rs. 47,97,43,752/-.
b) Rights Issue Price: Rs.3/- (Rupees three only) per equity share (with premium of Rs.2/- per equity share over face value of Rs.1/- per equity share).
e) Rights Entitlement Ratio: 23 (twenty three) rights equity shares for every 1 (one) equity share held by eligible shareholders as on record date.
d) Record date: Thursday, August 4, 2022 for the purpose of determining the shareholders who will be eligible to receive rights entitlements in the issue.
e) Right Issue Duration: _ Issue Opening Date: Tuesday, 16 August, 2022 Issue Expiry Date: Tuesday, 30 August, 2022.
closed on stock At 7.87 level, up 4.93% from its previous close level. In the last 1 year, the stock has given a multibagger return of 325.41% and on the basis of YTD, the stock has given a multibagger return of 230.67% so far in 2022. In the last 6 months, the stock has managed to deliver a . Has also provided Multibagger Return of 216.06% and Multibagger Return of 126.80% in last 1 month.
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