Everlon Synthetics Ltd Board approves Rights Issue of Equity Shares

The Board of Directors of Everlon Synthetics Ltd at its meeting held on October 18, 2014, have approved the Rights Issue of Equity Shares to the existing shareholders of the Company for an amount not exceeding Rs. 350 Lacs in accordance with Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations 2009, as amended; subject to the approval from Regulatory Authorities, as may be required.

The Boards of Directors have approved the appointment of "Keynote Corporate Services Limited" as Lead Manager to the Right Issue.

Shares of EVERLON SYNTHETICS LTD. was last trading in BSE at Rs.2.62 as compared to the previous close of Rs. 2.65. The total number of shares traded during the day was 3125 in over 15 trades.

The stock hit an intraday high of Rs. 2.62 and intraday low of 2.39. The net turnover during the day was Rs. 7493.

Source : Equity Bulls

Keywords