TCI Industries Ltd approves allotment of 0% Non-Convertible Redeemable Preference Shares

Pursuant to the Members approval accorded in their Annual General Meeting held on August 2, 2016, the Share Allotment Committee of the Board of Directors of TCI Industries Ltd at its meeting held today i.e. March 22, 2017 has issued and allotted 8265, 0% Non-Convertible Redeemable Preference Shares (NCRPS) of Face Value of Rs. 100/- (Rupees Hundred only) each at a premium of Rs. 300/- (Rupees Three Hundred only) each to the entities belonging to the Promoter & Promoter Group of the Company.

Shares of TCI INDUSTRIES LTD. was last trading in BSE at Rs.1840 as compared to the previous close of Rs. 1839. The total number of shares traded during the day was 16 in over 9 trades.

The stock hit an intraday high of Rs. 1840 and intraday low of 1838. The net turnover during the day was Rs. 29432.

Source : Equity Bulls

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