Hydro S & S Industries Ltd to raise up to Rs. 100 crores through rights issue

The Board of Directors of Hydro S & S Industries Ltd at its meeting held on September 11, 2015, has elected Mr. Bo Jingen, Managing Director as Chairman of the Board of Directors with effect from September 11, 2015 and he was designated as Chairman and Managing Director.

The Board approved the Rights entitlement - Rights Issue of 37,03,364 equity shares of face value Rs.10/- each for cash at an issue price of Rs.270/- per equity share (including premium of Rs.260/- per equity share) in the ratio of 578 equity shares for every 1000 equity shares held, aggregating to Rs.99.99 Crores.

Shares of HYDRO S & S INDUSTRIES LTD. was last trading in BSE at Rs.290 as compared to the previous close of Rs. 288. The total number of shares traded during the day was 5822 in over 127 trades.

The stock hit an intraday high of Rs. 299.8 and intraday low of 288. The net turnover during the day was Rs. 1716639.

Source : Equity Bulls

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