Vivaa Tradecom Ltd Approves Rights Issue for Up To Rs 15 Crores
Vivaa Tradecom Ltd has announced the approval of a Rights Issue involving its equity shares, authorized by the Board of Directors on June 26, 2026. The company is proceeding with the rights issue to eligible shareholders, targeting a total issuance amount of up to Rs 15 Crores (Rupees Fifteen Crores Only).The Board meeting considered and approved the issuance of equity shares through a Rights Issue. This move aims to raise capital from existing stakeholders as on the determined record date. The issuance is subject to necessary regulatory and statutory approvals under applicable laws.
Regarding the specific parameters of the rights offering, including the issue price, the rights entitlement ratio, the official record date, and payment terms, these details will be finalized later. The Rights Issue Committee or the Board of Directors is authorized to determine these specifics and subsequently disclose them to the Stock Exchanges.
The following table provides a detailed overview of the securities proposed in the issuance:
| Particulars | Details |
|---|---|
| Type of Securities Proposed | Equity Shares of the company with a face value of Rs 10 Each. |
| Issuance Type | Right Issue to existing shareholders as on the record date. |
| Total Amount Targeted | Up to Rs 15 Crores (Rupees Fifteen Crores Only). |
Stock Price Movement
Vivaa Tradecom Ltd shares settled at ₹71.00 on Thursday, edging higher after gaining 2.88%. The stock successfully navigated its intraday range, which spanned from a low of ₹68.00 up to the high of ₹71.00.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.