BCL Industries Ltd allots 50 lakh shares at Rs. 60 per share

The Board of Directors of BCL Industries Ltd at its meeting held to day i.e.03rd day of August, 2020, has approved the allotment of 50 lakh equity shares at a price of Rs. 60/- per share (including a premium of Rs . 50/- per share), on preferential basis to 3 specified persons of Promoter Group (i.e. Mrs. Sunita Mittal, Mr. Rajinder Mittal and Mr. Kushal Mittal) and one specified entity belonging to public category i.e. Rollon Investments Private Limited.

Number of shares allotted to the allotees:

Mrs. Sunita Mittal - 800000 shares (Promoter)
Mr. Rajinder Mittal - 800000 shares (Promoter)
Mr. Kushal Mittal - 1000000 shares (Promoter)
Rollon Investments Private Limited - 2400000 shares (public)

Shares of BCL Industries Ltd was last trading in BSE at Rs.40.55 as compared to the previous close of Rs. 40.4. The total number of shares traded during the day was 17006 in over 116 trades.

The stock hit an intraday high of Rs. 41.4 and intraday low of 40. The net turnover during the day was Rs. 693876.

Source : Equity Bulls

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