Uttam Sugar Mills Ltd allots 10% Cumulative Redeemable Preference Shares under Series II

The Preference Share Allotment Committee of Uttam Sugar Mills Ltd in its meeting held on September 18, 2012 have issued & allotted 1,25,000 10% Redeemable Cumulative Preference Shares of Rs. 100/- each aggregating to Rs. 1,25,00,000/- at a premium of Rs. 100/- per share aggregating to Rs. 1,25,00,000 totalling Rs.2,50,00,000/- (Rupees Two Crores Fifty Lacs Only) to the entities forming part of Promoter group.

Consequently, with effect from September 18, 2012, the Issued and Subscribed Preference Share Capital of the Company stand increased to Rs. 50,00,00,000/- divided into 50,00,000 6.5% Redeemable Cumulative Preference Shares of Rs. 100/- each issued at par - Series - I and Rs. 20,42,50,000/- divided into 20,42,500 10% Redeemable Cumulative Preference Shares of Rs. 100/- each issued at a premium of Rs. 100/- per share -Series - II.

The Uttam Sugar Mills Ltd stock was trading at Rs.25.25, down by Rs.0.85 or 3.26%. The stock hit an intraday high of Rs.26.50 and low of Rs.25.25.

The total traded quantity was 4777 compared to 2 week average of 4887.

Source : Equity Bulls

Keywords