Udaipur Cement Works Ltd approves allotment of CRPS of Upto Rs. 6 Crore on Private Placement Basis

The Directors of Udaipur Cement Works Ltd at its meeting held on 30th March 2017 between 3.00 p.m. and 4.30 p.m., had allotted 600, 5% Cumulative Redeemable Preference Shares of Rs. 1,00,000/- each aggregating upto Rs. 6 Crore on Private Placement basis to JK Lakshmi Cement Limited, Promoter of the Company.

Shares of UDAIPUR CEMENT WORKS LTD. was last trading in BSE at Rs.27.4 as compared to the previous close of Rs. 27.95. The total number of shares traded during the day was 386335 in over 715 trades.

The stock hit an intraday high of Rs. 28.45 and intraday low of 27. The net turnover during the day was Rs. 10688908.

Source : Equity Bulls

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