Somany Ceramics Ltd approves allotment to QIBs

The Administrative Committee of Somany Ceramics Ltd at its meeting held on December 22, 2015, approved the issue and allotment of 35,34,600 Equity Shares of face value Rs. 2/- each to Qualified Institutional Buyers (QIB) at the issue price of Rs. 339.5 per Equity Share, amount aggregating to Rs. 120.00 Crore.

M/s Emkay Global Financial Services Limited are the Book Running Lead Manager to the aforesaid Qualified Institutions Placement of equity shares of the Company.

Shares of SOMANY CERAMICS LTD. was last trading in BSE at Rs.378.4 as compared to the previous close of Rs. 373.4. The total number of shares traded during the day was 3481 in over 128 trades.

The stock hit an intraday high of Rs. 384 and intraday low of 377. The net turnover during the day was Rs. 1324865.

Source : Equity Bulls

Keywords