Shree Rajasthan Syntex Ltd. allots 170000 CPS

The Board of Directors of Shree Rajasthan Syntex Ltd. in their meeting held on Wednesday, 6th September, 2017 which commenced at 07.00 P.M. and concluded at 08.00 P.M. considered and allotted 1,70,000 (One Lakh Seventy Thousand Only) - 11% Cumulative, Non - participating Non - Convertible Preference Shares ('CPS') on preferential basis of the face value of Rs. 100/- (Rupees Hundred Only) each aggregating to Rs. 1,70,00,000 (Rupees One Crore Seventy Lakh Only).

The said CPS shall not be convertible into equity shares, accordingly, the same shall not be listed with any Stock Exchange.

Shares of SHREE RAJASTHAN SYNTEX LTD. was last trading in BSE at Rs.13.18 as compared to the previous close of Rs. 12.98. The total number of shares traded during the day was 1050 in over 4 trades.

The stock hit an intraday high of Rs. 13.19 and intraday low of 13.18. The net turnover during the day was Rs. 13839.

Source : Equity Bulls

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