Sita Shree Food Products Ltd approves QIP

A meeting of the Board of Directors of Sita Shree Food Products Ltd was held on December 05, 2016, the board have approved raising of funds through Qualified-Institutions Placement of equity shares / Convertible securities or such other securities in one or more tranches upto Rs. 20 crores subject to approval of members in general meeting and in compliance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements] Regulations, 2009 and the Companies Act, 2013 and the rules made thereunder.

Shares of SITA SHREE FOOD PRODUCTS LTD. was last trading in BSE at Rs.7.31 as compared to the previous close of Rs. 7.19. The total number of shares traded during the day was 19733 in over 38 trades.

The stock hit an intraday high of Rs. 7.44 and intraday low of 7.15. The net turnover during the day was Rs. 143115.

Source : Equity Bulls

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