Danlaw Technologies India Ltd approves allotment of 11,63,177 equity shares

The board has approved the allotment of 11,63,177 equity shares of face value of Rs. 10/- each of Danlaw Technologies India Limited (Transferee) to eligible shareholders of Danlaw Electronics Assembly Limited (Transferor Company) pursuant to the Scheme of Amalgamation between Danlaw Technologies India Limited (Transferee Company) and Danlaw Electronics Assembly Limited (Transferor Company) and their respective Shareholders and Creditors as approved by the National Company Law Tribunal, Hyderabad Bench. The equity shares issued and allotted by the Company in accordance with the Scheme of Amalgamation will be submitted for listing with BSE Limited and they shall rank pari-passu in all respects with the existing equity shares of the Company.

Shares of DANLAW TECHNOLOGIES INDIA LTD. was last trading in BSE at Rs. 228.40 as compared to the previous close of Rs. 236.75. The total number of shares traded during the day was 5750 in over 80 trades.

The stock hit an intraday high of Rs. 236.00 and intraday low of 225.00. The net turnover during the day was Rs. 1311416.00.

Source : Equity Bulls

Keywords

DANLAWTECHNOLOGIESINDIA INE310B01013 SharesAllotment Merger