Bannari Amman Spinning Mills Ltd board approves stock split, CDR

The Board of Directors of Bannari Amman Spinning Mills Ltd at its meeting held on 25.1.2021 (today), have fixed Monday, 15th February, 2021 as Record Date to ascertain the name of the shareholders entitled for sub-division of 1 (one) Equity Share of face value of Rs.10/­ (ten) each fully paid up into Equity Shares of Rs.5/- (five) each fully paid up, resulting in issuance of 2 (two) Equity Shares of Rs.5/- (five) each fully paid up, thereby keeping the paid up capital intact.

The Board of Directors at its meeting held on 25.1.2021 (today), have considered and approved for Corporate Debt Restructuring proposal under the Scheme "Resolution framework for COVID-19 related stress" as per the RBI Circular No.RBI/2020-21/16 DOR.No.BP.BC/3/21.04.048/2020-21 dt: 6.8.2020. The Board Meeting commenced at 11.30 AM and concluded at 12.15 PM.

Shares of BANNARI AMMAN SPINNING MILLS LTD. was last trading in BSE at Rs.143 as compared to the previous close of Rs. 145.05. The total number of shares traded during the day was 1621 in over 31 trades.

The stock hit an intraday high of Rs. 147.95 and intraday low of 142. The net turnover during the day was Rs. 231076.

Source : Equity Bulls

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