Seya Industries Ltd allots 19,70,540 CCPS

The Board of Directors of Seya Industries Ltd at their meeting held on April 5, 2019 has approved Allotment of total 19,70,540 Compulsory Convertible Preference Shares (CCPS) at a price of Rs.523/- per CCPS (including a premium of Rs.513/- per CCPS) to the following subscribers:

3,82,409 CCPS to SC India Trust - SC India Fund a SEBI Registered Category II Alternate Investment Fund and

15,88,131 CCPS to the persons acting in concert with Promoters.

The Board meeting commenced at 11:00 a.m. and concluded at 12:30 p.m.

Shares of SEYA INDUSTRIES LTD. was last trading in BSE at Rs.466.1 as compared to the previous close of Rs. 463.55. The total number of shares traded during the day was 18037 in over 383 trades.

The stock hit an intraday high of Rs. 481 and intraday low of 460. The net turnover during the day was Rs. 8456026.

Source : Equity Bulls

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