Established in 1983, Mangalam Industrial Finance Ltd. (MIFL) is a leading Non-Banking Finance Company based in Kolkata and Gujarat. With over 40 years of experience, MIFL specializes in providing tailored financial services, emphasizing long-term client relationships. The company, granted an NBFC License by RBI, focuses on loan activities, financing two-wheelers, and electric vehicles, and providing unsecured loans to corporates and individuals, driving continuous growth and market expansion.
Corporate Action | |
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Security Name | Mangalam Industrial Finance Ltd |
Issue Open/Close | February 12, 2024 - February 26, 2024 |
Record Date | January 29, 2024 |
Issue Size (Amount) | ₹48.94 Crores |
Issue Size (Shares) | ₹123,892,721 |
Right Issue Price | ₹3.95 per share |
Face Value | ₹1 per share |
CMP | ₹75.80 |
Renunciation of Rights Entitlements | February 20, 2024 |
Terms of Payment | Issue Price of Rs.3.95 is payable on Application |
Entitlement | ₹21 Rights Equity Shares for every 163 fully paid-up Equity Shares held on Record Date |
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