Dharani Sugars & Chemicals Ltd approves preferential issue

The Board of Directors of Dharani Sugars & Chemicals Ltd at its meeting held on February 11, 2016, has approved proposal for issue of equity Shares on a Preferential basis to the promoter, entity/entities of promoter group in accordance with the 'Guidelines for Preferential Issue' contained in Chapter VII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirement) Regulation 2009, not exceeding 1710000 fully paid equity shares of the Company, subject to approval of the shareholders.

Shares of DHARANI SUGARS & CHEMICALS LTD. was last trading in BSE at Rs.12.75 as compared to the previous close of Rs. 12.7. The total number of shares traded during the day was 1478 in over 12 trades.

The stock hit an intraday high of Rs. 13.65 and intraday low of 11.5. The net turnover during the day was Rs. 18261.

Source : Equity Bulls

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