with a market valuation of 145.04 Cr, Pacific Industries Limited is a small-cap company operating in Consumer Discretionary Goods and Services (CDGS) sector. Thanks to its slabs, tiles and cut-to-size products, the firm has a strong presence in more than 40 countries. The firm is one of the largest quarry owners and natural stone processors, having two processing facilities at Bangalore and Udaipur.
The company said in a stock exchange filing that “We wish to inform you that the Board of Directors of the Company at its meeting held today has, inter alia, considered and approved the following terms and conditions of the Rights Issue:
One. Total number of equity shares and size of the rights issue: 34,46,325 fully paid-up equity shares up to Rs. 47,90,39,175/- (Rs. Forty Seven Crore Ninety Lakh Twenty Nine Thousand One Hundred Seventy Five only)
B. Rights Issue Price: Rs. 139 per equity share (including premium of Rs. 129 per equity share)
C. Record date: Wednesday, January 11, 2023
D. Period of issue of rights: a. Rights Issue Opening Date: Thursday, January 19, 2023 b. Rights issue closing date: Thursday, February 02, 2023
I. Outstanding Equity Shares: a. Before rights issue: 34,46,325 b. Post Write Issue: 68,92,650
F. Rights Entitlement Ratio: 1:1 (one Rights Equity Share for every fully paid-up Equity Share held by the eligible Equity Shareholders of the Company, as on the record date).
Yes. ISIN for Rights Entitlement: INE883C20017.”
Pacific Industries Limited shares closed today on BSE 420.85 each level, up 13.84% from previous close 369.70. The stock recorded a total volume of 22,812 shares as compared to 20-day average volume of 711 shares. The stock has given multibagger return of 178.34% in last five years and multibagger return of 428.42% during last three years. The stock has declined 22.45% in last one year, while it has gained 29.69% in last six months. The stock touched a 52-week high 602.00 (13/01/2022) and at 52-week low 311.10 (12/08/2022). For the quarter ended September or Q2FY23, the company reported promoter shareholding of 73.99% and public shareholding of 26.01%.
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