Uday Jewellery Industries Limited ("UJIL") has announced that the Company's members have approved the issuance of up to 22,50,000 (Twenty-Two Lakhs Fifty Thousand Only) warrant of Rs. 154, each convertible into or exchangeable for One equity share of Rs. 10 each at a premium of Rs. 144 each , of the Company within a period of 18 (eighteen) months, totaling Rs. 34,65,00,000 and will be offered on a preferential basis to specified individuals within the Promoter/Promoter Group and select marquee investors.
The upcoming fund raise represents a significant milestone for Uday Jewellery Industries Limited. With a strong emphasis on strategic growth, this capital infusion will not only strengthen our financial position but also highlight our dedication to innovation and leadership in the market. We see this as a crucial opportunity to enhance our capabilities. This initiative aligns perfectly with our overarching vision to provide exceptional value to our stakeholders and elevate Uday Jewellery Industries Limited to new levels of success. This fundraising poised to utilize the proceeds of the issue for meeting the working capital requirement which will arise in future to achieve the targeted turnover, anticipating the further rise in gold prices and to fuel organic and inorganic growth opportunities.
Mr. Ritesh Kumar Sanghi, Managing Director of the Company, expresses his gratitude to all the members who supported.
Shares of Uday Jewellery Industries Ltd was last trading in BSE at Rs. 153.30 as compared to the previous close of Rs. 155.00. The total number of shares traded during the day was 6907 in over 81 trades.
The stock hit an intraday high of Rs. 160.00 and intraday low of 151.40. The net turnover during the day was Rs. 1062814.00. |
