Integra Essentia is engaged in business of life essentials products like food, clothing, infrastructure, energy and many more.
Share Market News: Integra Essentia is likely to soon announce rights issue. According to a company statement, the board is slated to meet on May 28 to consider a proposal for rights issue. Integra Essentia is a State-run Life Insurance Corporation of India backed FMCG company. It is important to note that the rights issue is a way through which companies raise funds by inviting its shareholders to buy more shares at a discount.
Shareholders get rights to purchase new shares at a lower price than the market rate.”To consider and approve various matters relating to the Rights Issue including terms and conditions such as the determination of the Rights Issue price and related payment mechanism, size, ratio, record date and timing,” the company said in a filing.
Integra Essentia is engaged in business of life essentials products like food, clothing, infrastructure, energy and many more. Integra Essentia shares on Thursday closed in the green at Rs 3.65 apiece on BSE.Earlier on Thursday, the company in a statement said that it has received an order for supplying 500 MT of rice from ITC group’s agri division.
“Integra Essentia Limited is delighted to have received its first ever order from the prestigious ITC group’s Agri Division for supplying 500 MT of Rice. This present trial order will make way for the company being a long-term associate supplier with the conglomerate,” the company said in a filing.The order will be serviced as soon as the next 15 days’ time, the statement added.
Integra Essentia is backed by LIC. According to data rooted from trendlyne, LIC has more than 1 per cent stake in the company.