Unity Infraprojects Ltd allots shares under CDR scheme

The Board of Directors of Unity Infraprojects Ltd at its meeting held on July 06, 2015, has considered and approved the allotment of 36,08,738 Equity shares of Rs. 2/- each at a price of Rs. 27.52 per share to CDR Lenders pursuant to CDR Scheme.

The Board considered the issue and allotted 2,64,20,784 Equity shares of Rs. 2/- each at a price of Rs. 27.52 per share to Promoters/promoters group companies pursuant to CDR Scheme.

The Board considered conversion of interest on FITL into Equity for the period from March 01, 2015 to March 31, 2016.

The Board considered and approved to take Postal Ballot for obtaining Shareholders approval.

The Board also recommended to the general body to approve, ratify and confirm the Corporate Debts Restructuring Scheme through Postal Ballot.

Shares of UNITY INFRAPROJECTS LTD. was last trading in BSE at Rs.13.67 as compared to the previous close of Rs. 13.32. The total number of shares traded during the day was 34472 in over 170 trades.

The stock hit an intraday high of Rs. 13.77 and intraday low of 13.1. The net turnover during the day was Rs. 464211.

Source : Equity Bulls

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