Excellent Wires and Packaging Limited Receives In-Principle Approval for Proposed Rights Issue
Excellent Wires and Packaging Limited has secured in-principle approval from the National Stock Exchange of India Limited (NSE) regarding its proposed Rights Issue of fully paid-up equity shares. The approval pertains to raising capital through the issuance of shares on a rights basis to eligible equity shareholders.The approval grants permission for the company to proceed with the Rights Issue, which is structured around the following material details:
| Feature | Detail |
|---|---|
| Company Name | Excellent Wires and Packaging Limited |
| Issue Type | Proposed Rights Issue of Fully Paid Equity Shares |
| Aggregated Capital | Up to Rs. 4,500.00 Lakhs |
| Face Value per Share | Rs. 10 each |
| Issuance Basis | On a rights basis to eligible equity shareholders |
The National Stock Exchange of India Limited (NSE) confirmed the in-principle approval for the proposed issuance. The rights issue is intended to be completed through the allotment of fully paid equity shares.
The company was informed that the approval is granted subject to various requirements, including the fulfillment of conditions related to listing applications and regulatory compliance.
EXCELLENT Stock Price Movement
As of 1:25 PM, shares of Excellent Wires and Packaging Limited are slipping by 1.46% in live trading, currently sitting at ₹128.10. The stock has seen 6,400 shares trade so far today, keeping the transactional volume modest amid intraday selling pressure.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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