Emami Realty Ltd allots 99,05,000 shares

The Demerger Committee of Emami Realty Ltd at its meeting held today - 15/09/2021, have approved allotment of 99,05,000 fully paid up equity shares of Rs.2 each of the Company to eligible shareholders of Oriental Sales Agencies (India) Private Limited ('Oriental'), pursuant to approval of Scheme of Arrangement, in accordance with the approved ratio of 2.83:1 i.e. 2.83 equity Shares of Rs.2 each to those members of Oriental whose names appeared in register of members of Oriental as on the record date - 14/09/2021.

The Company is in the process of filing listing applications with the Stock Exchanges and the aforesaid equity shares will be credited to the respective demat accounts of the eligible shareholders of Oriental, as eligible shareholders are already maintaining demat accounts.

Shares of EMAMI REALTY LIMITED was last trading in BSE at Rs. 70.75 as compared to the previous close of Rs. 69. The total number of shares traded during the day was 9555 in over 146 trades.

The stock hit an intraday high of Rs. 70.9 and intraday low of 70.2. The net turnover during the day was Rs. 674434.

Source : Equity Bulls

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