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| Exchange Disseminated Time | Dynacons Systems & Solutions Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 26, 2012, inter alia, has decided the following in relation to the proposed rights issue of equity shares of the Company (“Issue”);
1. Confirmed the terms and conditions of the proposed Rights issue including the following;
- Rights Entitlement: 2 (two) Equity Shares for every 3 (three) Equity Shares held on the Record Date (to be fixed later) along with 1 (one) detachable warrant entitling the warrant holder to subscribe at a later date to 1 (one) equity share per warrant.
- Issue price per share: At Par, i.e. Rs. 10/- per equity share.
- Size of the Issue: 39,48,720 Equity Shares at an issue price of Rs.10 each for cash aggregating to Rs. 394.87 Lacs.
2. Approved the Draft Letter of Offer for finalizing and filing the same with the regulatory authorities. |
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