Emami Paper Mills Ltd allots preference shares

The Preference Share Committee of Emami Paper Mills Ltd at its meeting held on September 17, 2014, has considered the following applications for issue of 11,25,000 Nos., 8% Cumulative Redeemable Non-Convertible Preference shares of Rs. 100/- each at a premium of Rs. 300/- aggregating to Rs. 45.00 Crores to the Promoters on preferential basis and allotted the Preference Shares to the Promoters on preferential basis as per Private Placement Letter of Offer dated September 10, 2014.

Shares of EMAMI PAPER MILLS LTD. was last trading in BSE at Rs.40.5 as compared to the previous close of Rs. 39.6. The total number of shares traded during the day was 5115 in over 95 trades.

The stock hit an intraday high of Rs. 40.9 and intraday low of 37.6. The net turnover during the day was Rs. 200702.

Source : Equity Bulls

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