Ambica Agarbathies & Aroma Industries to issue 63 lakh shares

The Board of Directors of Ambica Agarbathies & Aroma Industries Ltd at its meeting held on May 30, 2014, has approved & taken note of the proposal to offer upto 63,00,000 Equity Share on preferential basis to the Promoter/Promoters groups and strategic Investors subject to the approval of the Members in the general meeting and in compliance with Chapter VII of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009.

Shares of AMBICA AGARBATHIES & AROMA INDUSTRIES LTD. was last trading in BSE at Rs.6.03 as compared to the previous close of Rs. 5.75. The total number of shares traded during the day was 2796 in over 17 trades.

The stock hit an intraday high of Rs. 6.03 and intraday low of 6. The net turnover during the day was Rs. 16850.

Source : Equity Bulls

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