Suryaamba Spinning Mills Ltd allots 449944 shares at Rs. 25.15

The Board of Directors of Suryaamba Spinning Mills Ltd at its meeting held on June 05, 2014 has allotted 4,49,944 Equity shares at a premium of Rs. 15.15/- per share i.e. issue price of Rs. 25.15/- each to the promoters against the part conversion of 4,49,944 warrants issued on March 06, 2013 on preferential basis in compliance with Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Shares of SURYAAMBA SPINNING MILLS LTD. was last trading in BSE at Rs.33 as compared to the previous close of Rs. 33.7. The total number of shares traded during the day was 75 in over 6 trades.

The stock hit an intraday high of Rs. 34.9 and intraday low of 33. The net turnover during the day was Rs. 2523.

Source : Equity Bulls

Keywords