Deep Polymers Limited to takeover Deep Plast Industries

The Board of Directors of Deep Polymers Limited, in their meeting held today, i.e. on 13th August, 2021, at the Registered Office of the Company, have considered and approved the takeover of Deep Plast Industries at a value of around Rs. 45 Crores to 55 Crores as per the Valuation to be done by the Certified Valuer. The said amount will be appropriated as below:

- Issue of fully paid up 2,00,000 equity shares @ Rs. 129 totalling to 2,58,00,000/- (including Rs. 119/- as premium) to partners of Deep Plast Industries Mr. Ramesh Patel: 1,00,000 and Mrs Ashaben Patel: 1,00,000.

The balance amount to payable to the partners of Deep Plast Industries situated at Block No. 553, Rakanpur (Santej) Kalol, Gandhinagar - 382 721.

Shares of Deep Polymers Limited was last trading in BSE at Rs. 128.4 as compared to the previous close of Rs. 127.6. The total number of shares traded during the day was 451317 in over 573 trades.

The stock hit an intraday high of Rs. 130 and intraday low of 123.9. The net turnover during the day was Rs. 56897008.

Source : Equity Bulls

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