Quint Digital Media Limited is a small-cap company with a market capitalization of Rs. 666.67 crore, works in the consumer discretionary industry. Quint Digital Media Limited, a BSE Limited listed company, is the operator of The Quint. In a stock market filing today, the company said that the meeting of the board of directors of the company will be held on November 30, 2022, to examine the terms and conditions of Rs. 125 crore rights issue, including pricing, record date and other details.
The company today said in a stock exchange filing that “the Board of Directors at its meeting held on February 7, 2022, had approved the issue of equity shares by way of rights issue to the existing shareholders of the company for an amount not exceeding Rs. Indian Securities and 125 crores (Rupees One Hundred Twenty Five Crores only) in accordance with the Exchange Board (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, the Companies Act, 2013 and other applicable laws (the “Rights”). In pursuance of Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), NOTICE is hereby given that a meeting of the Board of Directors of the Company will be held on Wednesday, November 30, 2022 at 02:00 p.m.: 30 p.m., to consider and approve, inter alia, the terms and conditions of the rights issue including pricing, record date, etc.”
Quint Digital Media Limited (QDML) reported total revenue from operations of Rs 19.73 crore for Q2FY23 on a consolidated basis, up 37% over the previous year. 14.39 cr reported in Q2FY22. quint digital media had a net loss As against 3.18 cr in Q2FY23 4.55 crore in the quarter ending September 2021.
Shares of Quint Digital Media Ltd ended trading today at Rs. 304.00 per share, up 0.93% from the previous close of Rs. 301.20. The company had a total volume of 2,009 shares, compared to the 20-day average volume of 3,319 shares. The stock has given multibagger return of 1,517.02% in last five years and 318% in last three years. The stock has declined 12.0% during the last year, and on a year-to-date basis, it is down 19.64% in 2022. Public holding of 9.88% and 33.57%.
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