Deepak Nitrite Ltd opens QIP

The Project Funding Committee of the Board of Directors of Deepak Nitrite Ltd at their meeting held on December 28, 2015, has decided to open the issue of Equity Shares of the Company through Qualified Institutions Placement on December 28, 2015, in accordance with Chapter VIII and other applicable provisions of the SEBI ICDR Regulations and Section 42 of the Companies Act, 2013 read with Rule 14 of the Companies (Prospectus and Allotment of Securities) Rules, 2014.

In accordance with Regulation 85 of the SEBI ICDR Regulations, the floor price has been arrived at Rs. 70.83 per Equity Share.

Shares of DEEPAK NITRITE LTD. was last trading in BSE at Rs.73.55 as compared to the previous close of Rs. 75.75. The total number of shares traded during the day was 32053 in over 371 trades.

The stock hit an intraday high of Rs. 75.9 and intraday low of 73. The net turnover during the day was Rs. 2370595.

Source : Equity Bulls

Keywords