This FMCG company allots 15 crore rights equity shares - Details

Rights Issue: FMCG company Integra Essentia has informed exchanges that it has finalised the allotment of rights equity shares. According to information shared, the board of the company has approved the allotment of over 15 lakh fully paid-up rights equity shares of face value of Re 1 each at a price of Rs 3.25 per rights equity share.

Post allotment, the paid-up capital of the company stands increased to Rs 106,76,90,544.

"Pursuant to Letter of Offer (“LOF”) dated May 28, 2024, and in accordance with the finalization of the basis of allotment of the Rights Issue as approved by BSE Limited (“BSE”), the designated stock exchange for the Rights Issue, Merchant Bankers, and Registrar to the Issue, the Board of Directors at its meeting held today i.e. July 01, 2024 has considered and approved the allotment of 15,36,24,538 Fully Paid-up Rights Equity shares of face value of Re. 1/- each at a price of Rs. 3.25/- per Rights Equity share (including premium of Rs. 2.25/- per share) to the eligible applicants," the company said in an exchange filing.

Integra Essentia rights issue price

The board of directors of the company has declared issue price at Rs 3.25 apiece.

Integra Essentia rights issue size

The company aims to generate Rs 49.93 crore from its rights offer.

Integra Essentia rights issue record date

The Company had fixed the record date for the rights issue as June 1, 2024.

According to Trendlyne data, LIC has more than a 1 per cent stake in the company.

Meanwhile, FMCG firm Integra Essentia has informed exchanges that it has received its fresh order from the Agri division of the ITC Group. According to an exchange filing, this is the first order that the company has received from ITC Group.

The company said that the order is for supplying 500 MT of Rice.