INOX Leisure Limited allots 96,77,419 shares to QIBs at Rs. 310 per share

The ILL Committee of the Board of Directors for Operations ("Committee") at its meeting held today i.e. 11th June, 2021, approved the issue and allotment of 96,77,419 Equity Shares to eligible qualified institutional buyers (QIBs) at an issue price of Rs. 310 per Equity Share (including a premium of Rs. 300 per Equity Share), aggregating to approximately Rs. 300 Crore.

The QIP opened on 8th June, 2021 and closed on 11th June, 2021.

Pursuant to the allotment of Equity Shares in the Issue, the issued, subscribed, and paid-up Equity Share capital of the Company stands increased from Rs. 112,66,16,750 consisting of 11,26,61,675 Equity Shares of Rs. 10 each to Rs. 122,33,90,940 consisting of 12,23,39,094 Equity Shares of Rs. 10 each.

Shares of INOX LEISURE LTD. was last trading in BSE at Rs.327.2 as compared to the previous close of Rs. 330.4. The total number of shares traded during the day was 16960 in over 1128 trades.

The stock hit an intraday high of Rs. 337.55 and intraday low of 325.5. The net turnover during the day was Rs. 5568563.

Source : Equity Bulls

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