The Board of HDFC Securities Limited at its meeting held on 1st March 2024 has approved the issue of shares on the Rights Basis in the ratio of 2 equity shares of Rs. 10/- each for every 19 equity shares held by the Shareholders, at a premium of Rs. 5,899/-.
Further, pursuant to Section 91 of the Companies Act, 2013 and the rules made thereunder, the Board has fixed Monday, 11th March 2024 as the record date for the purpose of determining the eligibility for Rights Issue. Shareholders holding shares (both in electronic and physical form) as on the record date shall be eligible for rights shares.
The terms and conditions of the rights issue shall be mentioned in the offer letter to be issued to the eligible Shareholders.
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