Binani Industries Ltd allots 1769750 shares

The Allotment Committee of the Board of Directors of Binani Industries Ltd at its Meeting held on April 29, 2016, has allotted 17,69,750 Equity Shares of Rs. 10/- each to equity shareholders of Binani Metals Limited (BML) and 2,98,000 0.01% Non-Cumulative Redeemable Preference Shares of Rs. 100/- each to the preference shareholder of BML on the basis of records as at April 22, 2016 (the Record Date) pursuant to Scheme of Amalgamation of BML with the Company and their respective shareholders.

Shares of BINANI INDUSTRIES LTD. was last trading in BSE at Rs.67 as compared to the previous close of Rs. 67.35. The total number of shares traded during the day was 6169 in over 96 trades.

The stock hit an intraday high of Rs. 70 and intraday low of 67. The net turnover during the day was Rs. 420358.

Source : Equity Bulls

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