Yuken India Ltd approves allotment of 10 lakh shares

The Board of Directors of Yuken India Ltd at its meeting held today i.e. Wednesday, June 28, 2023 at the Registered Office of the Company considered and approved allotment of 10,00,000 Equity Shares in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 on preferential basis to Yuken Kogyo Company Limited, Promoter of the Company at a price of ₹629.00 per Equity Share including a premium of ₹619.00 per Equity Share.

The Company received the approval of Shareholders for the said Preferential Allotment through Postal Ballot for which the report of Scrutinizer was submitted to the Company on 19th June 2023.

Shares of YUKEN INDIA LTD. was last trading in BSE at Rs. 653.00 as compared to the previous close of Rs. 643.65. The total number of shares traded during the day was 2773 in over 271 trades.

The stock hit an intraday high of Rs. 659.90 and intraday low of 641.90. The net turnover during the day was Rs. 1804145.00.

Source : Equity Bulls

Keywords

YUKENINDIA INE384C01016 SharesAllotment PreferentialIssue Promoter