Gujarat State Petronet Allots 18,738,000 equity shares to IFC

Gujarat State Petronet Ltd has announced that the Board of Directors of the Company, pursuant to the resolution passed by the circulation, has approved allotment of 18,738,000 equity shares of Rs 10/- each at a price of Rs 57.29/- per equity share, to IFC under the Preferential Issue of the Company.

Consequent to the said allotment of shares to IFC, the paid up Share Capital of the Company has increased from Rs 542,94,01,470 to Rs 561,67,81,470.

The stock was trading at Rs.60, up by Rs.0.30 or 0.50%. The stock hit an intraday high of Rs.60.70 and low of Rs.56.80.

The total traded quantity was 200324 compared to 2 week average of 734217.

Source : Equity Bulls

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