Sanghi Industries Ltd approves allotment of 3,10,21,000 Equity Shares

In respect of the QIP, the Business Operations and Finance Committee of the board of directors of Sanghi Industries Ltd has, at its meeting held today i.e. January 25, 2018, approved the QIP and allotment of 3,10,21,000 Equity Shares to eligible qualified institutional buyers at the issue price of Rs. 129 per Equity Share, aggregating to Rs. 400.17 Crores under the SEBI Regulations and Section 42 of the Companies Act, 2013 (including the rules made thereunder). A copy of resolution for allotment of the Equity Shares pursuant to the QIP is attached hereto for your information and record.

Pursuant to the allotment of Equity Shares in the QIP, the paid-up equity share capital of the Company stands increased to Rs. 251.00 Crores comprising 25,10,00,000 equity shares of face value of Rs.10 each.

Shares of SANGHI INDUSTRIES LTD. was last trading in BSE at Rs.129.85 as compared to the previous close of Rs. 129. The total number of shares traded during the day was 67925 in over 668 trades.

The stock hit an intraday high of Rs. 132.8 and intraday low of 128.25. The net turnover during the day was Rs. 8829923.

Source : Equity Bulls

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