Sunflag Iron & Steel Company Ltd approves allotment of 18021945 shares to Daido Steel

The Board of Directors of Sunflag Iron & Steel Company Ltd at its meeting held on September 11, 2014, has approved the issue and allotment of 1,80,21,945 (One Crore Eighty Lacs Twenty One Thousand Nine Hundred Forty Five) equity shares of Rs. 10/- (Ten) each at a premium of Rs. 21/- (Twenty One) to Daido Steel Co. Ltd., Japan on preferential basis.

Shares of SUNFLAG IRON & STEEL CO.LTD. was last trading in BSE at Rs.30.9 as compared to the previous close of Rs. 30.9. The total number of shares traded during the day was 93316 in over 1022 trades.

The stock hit an intraday high of Rs. 32.6 and intraday low of 30.5. The net turnover during the day was Rs. 2929476.

Source : Equity Bulls

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