TCI Industries Ltd allots 1250 NCRPS to promoter group

Pursuant to the Members approval accorded through Postal Ballot on April 07, 2020, the Share Allotment Committee of the Board of Directors of TCI Industries Ltd at its meeting held today i.e. January 11, 2021 has issued and allotted 1250, nos. of 0% Non-Convertible Redeemable Preference Shares (NCRPS) of Face Value of Rs. 100/- (Rupees Hundred only) each at a premium of Rs. 300/- (Rupees Three Hundred only) each to Mr. Utsav Agarwal a person belonging to the Promoter and Promoter Group of the Company for cash.

As the Company allotted Non-Convertible Redeemable Preference Shares, there is no change in the paid-up equity share capital of the Company. The said shares shall not be convertible into equity shares, accordingly, the same shall not be listed with any Stock Exchange.

Shares of TCI INDUSTRIES LTD. was last trading in BSE at Rs.693.95 as compared to the previous close of Rs. 660.95. The total number of shares traded during the day was 80 in over 5 trades.

The stock hit an intraday high of Rs. 693.95 and intraday low of 660. The net turnover during the day was Rs. 55278.

Source : Equity Bulls

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