Sunflag Iron & Steel Company Ltd to allot 18021945 shares to Daido Steel

A meeting of the Board of Directors of Sunflag Iron & Steel Company Ltd will be held on September 11, 2014, to issue and allotment of 1,80,21,945 (One Crore Eighty Lacs Twenty One Thousand Nine Hundred Forty Five) equity shares to Daido Steel Co. Ltd., Japan on preferential basis, amongst others.

Shares of SUNFLAG IRON & STEEL CO.LTD. was last trading in BSE at Rs.32.05 as compared to the previous close of Rs. 30.9. The total number of shares traded during the day was 842206 in over 7602 trades.

The stock hit an intraday high of Rs. 33.7 and intraday low of 31.5. The net turnover during the day was Rs. 27431879.

Source : Equity Bulls

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