Mitsu Chem Plast Ltd to Raise up to ₹45 Crore through Rights Issue

The Board of Directors of Mitsu Chem Plast Limited has approved the terms of the Rights Issue of partly paid-up equity shares of face value of ₹10 each, aggregating to an amount of ₹21,73,06,800. The Rights Issue is being made to existing eligible shareholders in the ratio of 1:8, and the Rights Entitlement will be credited in the demat accounts of the eligible equity shareholders prior to the issue opening date. The Rights Issue price is ₹144 per Rights Equity Share, including a premium of ₹134 per Rights Equity Share.,