Deep Industries Ltd approves issue of 28 lakh shares

The QIP Committee of the Board of Directors of Deep Industries Ltd has at its meeting held on December 16, 2016 approved the issue and allotment of 28,00,000 Equity Shares of Face Value of Rs. 10/- each to eligible Qualified Institutional Buyers at the issue price of Rs. 228/- per Equity Share, aggregating to Rs. 63,84,00,000 (Rupees Sixty Three Crores Eighty Four Lacs Only).

The QIP Committee Meeting was started on 09:00 a.m. and was concluded on 09:25 a.m.

Shares of DEEP INDUSTRIES LTD. was last trading in BSE at Rs.293.1 as compared to the previous close of Rs. 284.2. The total number of shares traded during the day was 51954 in over 1930 trades.

The stock hit an intraday high of Rs. 294.9 and intraday low of 284.2. The net turnover during the day was Rs. 15157324.

Source : Equity Bulls

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