Surana Industries Ltd allots 6391582 shares

The Allotment Committee of the Board of Directors of Surana Industries Ltd at their meeting held on March 14, 2016 had considered and approved the allotment of 63,91,582 equity shares of Rs. 10/- each @ Rs. 72.82/- per share to Shri. Dineshchand Surana, Promoter of the Company.

The Allotment Committee of Board of Directors had allotted 63,91,582 equity shares of Rs. 10/- each @ Rs. 72.82/- (including a premium of Rs. 62.82/- per share) as the first tranche to Shri. Dineshchand Surana, Promoter (on Preferential Basis as per the Corporate Debt Restructuring (CDR) Scheme approved by the CDR Empowered Group in terms of CDR Scheme.

Shares of SURANA INDUSTRIES LTD. was last trading in BSE at Rs.7.35 as compared to the previous close of Rs. 7.33. The total number of shares traded during the day was 1135 in over 13 trades.

The stock hit an intraday high of Rs. 8.21 and intraday low of 7.33. The net turnover during the day was Rs. 8431.

Source : Equity Bulls

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