ITI Ltd allots shares to Government of India

The Board of Directors of ITI Ltd in its meeting held on 11.05.2023 has considered and approved allotment of 1,13,09,586 equity shares issued at Rs 94.61 (Rs 10 face value and premium of Rs 84.61) to the President of India, against capital grant of Rs 1,07,00,00,000/- (Rupees One Hundred Seven Crore) received from Government of India. The Capex receipt of Rs.1,07,00,00,000/- and allotment of equity shares is made pursuant to BIFR order dated 08.01.2013.

Shares of ITI Limited was last trading in BSE at Rs. 107.16 as compared to the previous close of Rs. 104.44. The total number of shares traded during the day was 145024 in over 1522 trades.

The stock hit an intraday high of Rs. 111.38 and intraday low of 104.11. The net turnover during the day was Rs. 15785364.00.

Source : Equity Bulls

Keywords

ITI INE248A01017 SharesAllotment