Suryalata Spinning Mills Ltd to consider preferential offer to promoters

A meeting of the Board of Directors of Suryalata Spinning Mills Ltd will be held on March 14, 2015, to consider and approve the preferential offer letter (PAS-4) for issue of 6,00,000 Equity Shares of Rs. 10/- each at an issue price of Rs. 130/- to promoters of the Company.

The Board will consider the proposal for early redemption of existing preference shares of the Company.

Shares of SURYALATA SPINNING MILLS LTD. was last trading in BSE at Rs.149.2 as compared to the previous close of Rs. 125.3. The total number of shares traded during the day was 61474 in over 703 trades.

The stock hit an intraday high of Rs. 150.3 and intraday low of 125. The net turnover during the day was Rs. 8885675.

Source : Equity Bulls

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