Signet Industries Ltd to issue NCNCRPS

The Board of Directors of Signet Industries Ltd at its meeting held on March 20, 2015, has approved the Letter of Offer and send it to the respective shareholders.

The board has also given consent to issue 60,00,000 (Sixty Lakhs) 2% Non-convertible Non-Cumulative Redeemable Preference Shares of Rs. 10/- (Rupees Ten Only) each at premium of Rs. 40/- (Rupees Forty) each fully paid-up on private placement basis after giving approval by the shareholders in the EGM dated March 19, 2015.

The Board has also given consent to open a separate bank account in the name of the Company for the purpose of keeping the share application money.

Shares of Signet Industries Limited was last trading in BSE at Rs.114 as compared to the previous close of Rs. 113.5. The total number of shares traded during the day was 1158 in over 74 trades.

The stock hit an intraday high of Rs. 114.9 and intraday low of 110. The net turnover during the day was Rs. 130363.

Source : Equity Bulls

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