Uniply Industries Ltd allots 45,14,798 Equity Shares

The Board of Directors of Uniply Industries Ltd at their Meeting held on today i.e. 25.04.2018 have approved the allotment of fresh fully paid up 45,14,798 Equity Shares of Rs. 10/- each at a premium of Rs. 400.85/- per shares on preferential basis to non-promoters.

Pursuant to the above such allotment, the issued, subscribed and paid up share capital has been increased from Rs. 23,90,71,990/- (2,39,07,199 equity shares of Rs. 10/- each) to Rs. 28,42,19,970/- (2,84,21,997 equity shares of Rs. 10/- each).

The Board also approved the allotment of 96,28,824 convertible share warrants of Rs. 10/- each at a premium of Rs. 400.85/- per warrant on preferential basis to promoter and non-promoters. The warrants allotted shall be converted into equity shares of Rs. 10/- each upon exercise of convertibility by the holders within a period of 18 months from the date of allotment.

Shares of UNIPLY INDUSTRIES LTD. was last trading in BSE at Rs.459.3 as compared to the previous close of Rs. 444.05. The total number of shares traded during the day was 1073000 in over 2280 trades.

The stock hit an intraday high of Rs. 475 and intraday low of 421.2. The net turnover during the day was Rs. 458815529.

Source : Equity Bulls

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