IP Rings Ltd approves allotment of 5633718 shares

The Rights Issue Sub-Committee of IP Rings Ltd at their meeting held on February 16, 2017, has considered and approved, the allotment of 56,33,718 fully paid up Rights Equity Shares of face value of Rs. 10 each at a price of Rs. 88.75 per Rights Equity Shares including a premium of Rs. 78.75 per Rights Equity Shares, to the eligible equity shareholders of the Company and in pursuance of the basis of allotment approved by the BSE Limited, the designated stock exchange.

Shares of IP RINGS LTD. was last trading in BSE at Rs.135 as compared to the previous close of Rs. 131.25. The total number of shares traded during the day was 2466 in over 25 trades.

The stock hit an intraday high of Rs. 137.7 and intraday low of 131.35. The net turnover during the day was Rs. 333003.

Source : Equity Bulls

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