Tirupati Tyres Limited approves allotment of 2.10 crore shares

The Board of Directors of Tirupati Tyres Limited at their meeting held today i.e. Thursday, March 30, 2023, considered and approved the allotment of 2,10,00,000 Equity Shares of face value of Rs. 10/- each on preferential basis pursuant to the exercise of options attached to the Warrants allotted on February 01, 2023 and upon the receipt of balance 75% of the subscription money.

These equity shares allotted on conversion of the warrants, shall rank pari passu, in all respects with the existing equity shares.

Post the allotment of equity shares, the paid-up equity shares of the Company has increased from Rs. 3,44,35,000/- (Rupees Three Crore Forty Four Lac Thirty Five Thousand only) to Rs. 24,44,35,000/- (Rupees Twenty Four Crore Forty Four Lac Thirty Five Thousand only).

Shares of Tirupati Tyres Ltd was last trading in BSE at Rs. 28.92 as compared to the previous close of Rs. 28.63. The total number of shares traded during the day was 3295 in over 54 trades.

The stock hit an intraday high of Rs. 29.74 and intraday low of 27.53. The net turnover during the day was Rs. 95843.00.

Source : Equity Bulls

Keywords

TirupatiTyres INE812Q01016 SharesAllotment Warrants