Sumeet Industries Ltd allots shares on rights basis

BSE Limited, the Designated Stock Exchange for the purpose of Right Issue has approved the Basis of Allotment on January 23, 2018. Pursuant to the finalization of the basis of allotment in consultation with BSE Limited, the Right Issue Committee of Sumeet Industries Ltd in its meeting held on January 24, 2018 has approved the allotment of 2,48,74,173 Equity Shares of face value of Rs 10/- each at a price of Rs. 24/- per Rights Equity Shares (Including a premium of Rs. 14/- per equity share) on a right basis, to all eligible equity shareholders, who have subscribed to the said issue and whose applications were valid.

Shares of SUMEET INDUSTRIES LTD. was last trading in BSE at Rs.32.3 as compared to the previous close of Rs. 33.15. The total number of shares traded during the day was 134951 in over 649 trades.

The stock hit an intraday high of Rs. 34.1 and intraday low of 31.9. The net turnover during the day was Rs. 4449425.

Source : Equity Bulls

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