Stake Sale

Polymechplast Machines Ltd allots 8,20,010 shares at Rs. 61



Posted On : 2021-10-09 13:36:58( TIMEZONE : IST )

The Board of Directors of Polymechplast Machines Ltd at their meeting held today 9-10- 2021 have allotted 8,20,010 Equity Shares of Rs. 10/- each at a price of Rs.61/- (Including premium of Rs. 51/- per share) to Non Promoters on Preferential Basis in accordance with the Special resolution passed by the shareholders in their AGM held on September 25, 2021 and pursuant to the In-principle approval received from Bombay Stock Exchange Limited.

Consequent to the aforesaid allotted of equity shares, the paid up Equity Share Capital of the Company stands increased at Rs. 5,60,17,100 comprising 56,01,710 Equity Shares of Rs.10/- each, The said Equity Shares allotted shall rank pari-passu in all aspects with the existing Equity Shares of the Company and be listed on the Bombay stock exchange.

Shares of POLYMECHPLAST MACHINES LTD. was last trading in BSE at Rs. 71.25 as compared to the previous close of Rs. 66.05. The total number of shares traded during the day was 75238 in over 562 trades.

The stock hit an intraday high of Rs. 76.30 and intraday low of 66.95. The net turnover during the day was Rs. 5282112.00.

Source : Equity Bulls

Keywords

POLYMECHPLASTMACHINES INE809B01014 IndustrialMachinery PreferentialIssue NonPromoters FundRaising