Greenply Industries Ltd approves allotment of 1945525 shares

The QIP Committee of the Board of Directors of Greenply Industries Ltd at its meeting held on August 16, 2016, approved the issue and allotment of 19,45,525 Equity Shares of face value of Re. 1 each to qualified institutional buyers at the issue price of Rs. 257.00 per Equity Share, aggregating to Rs. 49,99,99,925.00 (Rupees Forty Nine Crores Ninety Nine Lacs Ninety Nine Thousand Nine Hundred Twenty Five Only).

Shares of GREENPLY INDUSTRIES LTD. was last trading in BSE at Rs.262.95 as compared to the previous close of Rs. 265.95. The total number of shares traded during the day was 4089 in over 177 trades.

The stock hit an intraday high of Rs. 268.5 and intraday low of 262. The net turnover during the day was Rs. 1086035.

Source : Equity Bulls

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