Rs 30,79,85,120 rights issue in this multibagger stock under Rs 50 after bonus shares; scrip up by 1,395 per cent in just 3 years!

The stock has a 52-week high of Rs 83.80 and a 52-week low of Rs 29.70.

DU Digital Global Ltd informed that the Board has considered and approved the following terms and conditions of the proposed rights issue of the company in terms of the provisions of the Securities and Exchange Board of India (Issue of Capital & Disclosure Requirement) Regulations, 2018 as applicable:

a) Rights Issue Shares: 1,16,22,080 (One crore sixteen lakh twenty-two thousand and eighty) equity shares of the face value of Rs 2 each.

b) Rights Issue Price: Rs 26.50 (Rupees twenty-six and fifty paise only) per rights equity share;

c) Rights Issue Size: Rs 30,79,85,120 (Rupees thirty crore seventy-nine lakh eighty-five thousand one hundred and twenty only).

d) Rights Entitlement ratio: 1 (one) rights equity share for every 5 (five) equity shares held by eligible shareholders as on the record date (to be notified later).

DU Digital Technology Limited is engaged in managing the human interface between the visa applicant and the technical visa processing unit of the embassy of other countries. The company previously announced a bonus share issue in the ratio of 3 new shares for every 1 existing share. The ex-date for the bonus shares was Friday, June 02, 2023.

Talking about the financials, the company has a market cap of Rs 288 crore and reported positive numbers in its half-yearly results and annual results. The stock has a 52-week high of Rs 83.80 and a 52-week low of Rs 29.70.

On June 18, 2023, shares of DU Digital Technology Limited ended the trading session in the green, up 2.17 per cent to Rs 49.50 per share. The stock gave multibagger returns of 1,395 per cent over the span of 3 years. Investors should keep an eye on this SME stock.

Disclaimer: The article is for informational purposes only and not investment advice.