Fusion Finance Limited has informed the Exchange about Copy of Newspaper Publication-Record date for first and final call on partly paid-up rights equity shares of the Company
FUSION · price
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Fusion Finance Limited has published a notice in newspapers informing shareholders about the record date for the first and final call money on its partly paid-up rights equity shares. This means the company had earlier issued rights shares where investors paid only a part of the price upfront, and is now asking remaining shareholders to pay the balance amount. The record date will determine which shareholders are liable to pay the call money. Shareholders holding shares on the record date will need to make the balance payment by the due date.
Shareholders who hold the partly paid-up rights shares as of the record date will need to arrange funds to pay the remaining call money. Failure to pay could result in forfeiture of shares. This is a routine follow-up to a previously announced rights issue.