Asit C. Mehta Rights Issue 2023 FAQ's

Asit C. Mehta Rights Issue 2023 price is set at ₹137 per Share. The Asit C. Mehta Rights Issue 2023 opens on December 22, 2023, and closes on January 4, 2024, for the subscription.

The allotment of Asit C. Mehta Rights Issue 2023 is expected to happen on or about January 10, 2024 as per the issue schedule.

Asit C. Mehta Rights Issue 2023 listing date is December 17, 2023.

The credit of Asit C. Mehta Rights Issue 2023 in Demat account is expected on or about December 15, 2023 as per the issue schedule.

The company proposes to utilize the Net Proceeds towards funding the following Objects:

1. Conversion of loan of Cliqtrade Stock Brokers Private Limited.
2. Repayment of outstanding loans of existing promoters Mrs. Deena Mehta and Mr. Asit Mehta.
3. Repayment of Inter-corporate loans (Phase Holdings Private Limited, Midland Leisure and Entertainments Private Limited and Natural Hut Private Limited).
4. Acquisition of shares of Omniscience Capital Advisors Private Limited.
5. Acquisition of 2,48,350 Equity Shares of ACMIIL from Mr. Kirit Vora 6. General corporate expenses.