Asit C Mehta copyright issue 2023: The board of directors of Asit C Mehta Financial Services Ltd will consider and approve a proposal for issue of fresh shares through rights issue route. The financier has already informed Indian stock exchanges about the proposal while informing about the schedule of the board meeting.
Asit C Mehta informed Indian stock exchanges about the rights issue proposal citing, “This is to inform you that as per Regulation 29 and other applicable provisions of Securities and Exchange Commission of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, meeting. of the The Board of Directors of the Company is scheduled to be held on Friday, December 1, 2023 to consider, record and approve the decisions/recommendations of the Rights Committee proposed to be held on Friday, December 1, 2023, among other things, to consider, discuss and decide various matters in connection with the Rights Issue, including the specific terms of the Rights Issue, such as the determination of the Rights Price and related payment mechanism, Rights scope, rights ratio, the record date and subject. period of the Rights Issue.”
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Asit C Mehta company history
If the board of Asit C Mehta Financial Services approves the rights issue proposal, this would be the first major corporate event to take place in the company after a gap of almost 13 years. According to the information available on BSE website, on 20 August 2010, Asit C Mehta shares traded ex-dividend against payment of ₹0.50 per share to the eligible shareholders of the company. Prior to this Asit C Mehta shares traded ex-dividend on September 14, 2009 for payment of ₹0.75 per share to as dividend to beneficial shareholders. On July 30, 2008, Asit Mehta shares exchanged ex-dividend for a payment of Re 1 per share to the eligible shareholders.
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As per Asit C Mehta dividend history, the stock traded ex-dividend in 2008 after a gap of almost 7 years as it earlier traded ex-dividend on July 23, 2001 for payment of ₹0.50 per share dividend to the eligible shareholders.
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Updated: 01 Dec 2023, 10:05 IST