Uniply Industries Ltd approves allotment of 2668000 shares

The Board of Directors of Uniply Industries Ltd at its meeting held on July 25, 2015, has approved the issue and allotment of up to 26,68,000 equity shares of face value Rs. 10/- each, on a preferential basis to the following promoter and non-promoters for a total subscription amount of up to Rs. 26,68,00,000/- (Rupees Twenty Six Crores Sixty Eighty Lacs), at a price of Rs. 100/- per equity share, in accordance with the applicable provisions of Chapter VII of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 ("SEBI ICDR Regulations"). The Issue and allotment of equity shares of the Company on a preferential basis, shall be subject to and in compliance with all applicable laws including without limitation the provisions of the Companies Act, 2013, read with the rules framed there under, the SEBI ICDR Regulations, the memorandum and articles of association of the Company and the Listing Agreement entered into with the relevant stock exchange and subject to the approval of the shareholders of the Company in the Annual General Meeting of the Company for the financial year 2014-15 and such other requisite approvals as may be required.

Shares of UNIPLY INDUSTRIES LTD. was last trading in BSE at Rs.111.9 as compared to the previous close of Rs. 106.6. The total number of shares traded during the day was 9770 in over 52 trades.

The stock hit an intraday high of Rs. 111.9 and intraday low of 111.9. The net turnover during the day was Rs. 1093263.

Source : Equity Bulls

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