Shalimar Paints Ltd allots 6,58,872 Equity Shares to promoter

The Allotment Committee of Shalimar Paints Ltd in their meeting held today i.e., April 08, 2019 has approved the allotment of 6,58,872 Equity Shares of face value of Rs. 2/- each issued at a price of Rs. 86.56/- per share (including premium of Rs.84.56 per share) on preferential basis to the promoter of the Company.

Pursuant to above, the Issued and paid-up share capital of the Company stands increased from Rs. 1,072.83 Lacs comprising of 53,641,387 Equity shares of Rs. 2/- each to Rs. 1,086.01 Lacs comprising of 54,300,259 Equity shares of Rs. 2/- each.

Shares of SHALIMAR PAINTS LTD. was last trading in BSE at Rs.82.3 as compared to the previous close of Rs. 80.9. The total number of shares traded during the day was 6988 in over 160 trades.

The stock hit an intraday high of Rs. 83.75 and intraday low of 81. The net turnover during the day was Rs. 573994.

Source : Equity Bulls

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