Rushil Décor board approves equity shares issue to non-promoters

Rushil Décor has informed the stock exchanges that under Regulation 30 of the SEBI (LODR) Regulations, 2015, the Board of Directors of the company at its meeting held on May 29, has decided/ approved to issue a total of 47,000 equity shares of ₹10 each at an issue price of ₹865 per share, including premium of ₹855, which shall not be lower than the minimum price calculated as per Chapter VII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, to non-promoters Manish Shailendra Srivastava and Forum Nilesh Parekh. Each of them will be allotted 23,500 shares. The scrip of Rushil Décor closed at ₹695.90, down 2.84 per cent from its previous close on the BSE.