New Delhi:The Board of Directors of Spencer’s Retail Limited held on February 11, 2020 approved the offer and issue of equity shares of the Company by way of a rights issue to eligible shareholders of the Company as on the record date for an amount not exceeding Rs. 8000 lakhs (The “Rights Issue”).
A meeting of Rights Issue Committee as constituted by the Board of Directors for the aforesaid Rights Issue purposed will be held on 23 July, 2020 to consider, discuss and decide, various matters in connection with the Rights Issue, including the terms and conditions such as the issue price, rights entitlement ratio, record date, timing of the Rights Issue and other related matters.
