Inflame Appliances Ltd allots 6,61,000 Equity Shares at Rs. 382 per share

The Board of Directors of Inflame Appliances Ltd at its meeting held today i.e. July 09, 2022 has considered and allotted 6,61,000 Equity Shares of face value of Rs. 10/- each, for cash, at a price of Rs. 382/- per equity share (including a share premium of Rs. 372 per Equity share) aggregating to Rs. 25,25,02,000/- on preferential basis to Non-Promoters / Public.

Consequently, the issued, subscribed and paid-up equity share capital of the Company stands increased to Rs. 7,31,10,000/- (divided into 73,11,000 equity shares of face value of Rs. 10/- each) from Rs. 6,65,00,000/- divided into 66,50,000 equity shares of face value of Rs. 10/- each. Equity Shares allotted on the preferential basis shall rank pari-passu with tne existing equity shares of the Company in all respects.

Shares of Inflame Appliances Ltd was last trading in BSE at Rs. 407.50 as compared to the previous close of Rs. 385.20. The total number of shares traded during the day was 15500 in over 30 trades.

The stock hit an intraday high of Rs. 410.00 and intraday low of 391.00. The net turnover during the day was Rs. 6213850.00.

Source : Equity Bulls

Keywords

InflameAppliances INE464Z01017 PreferentialIssue SharesAllotment