Trio Mercantile & Trading Ltd Board recommends sub-division & bonus issue of equity shares

The Board of Directors of Trio Mercantile & Trading Ltd at their meeting held on January 27, 2021 have subject to the approval of shareholders and stock exchange where the shares of the Company are listed, have decided as under:

Sub-division of Equity Shares:

One (1) Equity Share having a face value of Rs.10/- each in the Share Capital of the Company be sub-divided into 5 (Five) Equity Shares having a face value of Rs.2/- each fully paid up.

Issue of Bonus Shares:

Recommended the issuance of fully paid-up Bonus Shares in the ratio of 1:6 i.e., One (1) new fully paid-up Equity Shares of Rs. 2/- (Post Sub division) each for every Six (6)(post Sub division) Equity Shares of Rs. 2/- (Post Sub division) each.

Shares of TRIO MERCANTILE & TRADING LTD. was last trading in BSE at Rs.36.95 as compared to the previous close of Rs. 35.4. The total number of shares traded during the day was 239416 in over 1353 trades.

The stock hit an intraday high of Rs. 38.6 and intraday low of 35.4. The net turnover during the day was Rs. 8886618.

Source : Equity Bulls

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