Gillanders Arbuthnot & Company Ltd approves allotment of 650000 CRPS

The Board of Directors of Gillanders Arbuthnot & Company Ltd at its Meeting held on November 19, 2016, has decided / approved the allotment of 6,50,000 numbers of 7.75% Cumulative Redeemable Preference Shares of Rs.100/-each to Kothari Investment & Industries Private Limited and 5,60,000 numbers of 7.75% Cumulative Redeemable Preference Shares of Rs.100/- each to Kothari & Company Private Limited on private placement basis being the Promoter Group Companies.

Shares of GILLANDERS ARBUTHNOT & CO.LTD. was last trading in BSE at Rs.57.9 as compared to the previous close of Rs. 56.75. The total number of shares traded during the day was 1596 in over 37 trades.

The stock hit an intraday high of Rs. 58.15 and intraday low of 55.2. The net turnover during the day was Rs. 91019.

Source : Equity Bulls

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