Som Distilleries and Breweries Ltd cancels QIP issue

The Fund Raising Committee ("Committee") meeting of Som Distilleries and Breweries Ltd, scheduled on October 10, 2023 stands cancelled. Further the Committee has at its meeting held today i.e. October 9, 2023, resolved to not proceed with the proposed QIP issue due to lesser amount of bids received towards its proposed QIP Issue. The Company shall evaluate the viability of a funds raise at a suitable time.

The company focus on growth and delivering shareholders value in the short and medium term remains intact.

Shares of Som Distilleries & Breweries Limited was last trading in BSE at Rs. 369.10 as compared to the previous close of Rs. 381.55. The total number of shares traded during the day was 112964 in over 3701 trades.

The stock hit an intraday high of Rs. 375.30 and intraday low of 361.05. The net turnover during the day was Rs. 41732259.00.

Source : Equity Bulls

Keywords

SomDistilleriesandBreweries INE480C01020 SDBL QIP Cancelled