Hydro S & S Industries Ltd to allot 2135000 shares

The Board of Directors of Hydro S & S Industries Ltd at its Meeting held on June 27, 2014 have recommended to issue and allot 21,35,000 equity shares of the face value of Rs. 10.00 each at a premium of Rs. 41.25 each or as may be determined by the Board in accordance with SEBI (ICDR) Regulations, 2009, aggregating to an amount not exceeding Rupee equivalent to USD 2.0 million on preferential basis to a Strategic Investor i.e. Hong Kong Victory Investment Co., Limited, a Company incorporated in HONGKONG having its registered office at RM 2108, 21/F C C WU BLDG, 302 - 308 HENNESSY RD, WANCHAI, HONG KONG.

Shares of HYDRO S & S INDUSTRIES LTD. was last trading in BSE at Rs.49.1 as compared to the previous close of Rs. 50. The total number of shares traded during the day was 2070 in over 28 trades.

The stock hit an intraday high of Rs. 50.5 and intraday low of 49. The net turnover during the day was Rs. 102804.

Source : Equity Bulls

Keywords