Shish Industries Limited allots shares

The Board of Directors of Shish Industries Limited, in their Board Meeting held on today, i.e. on November 23, 2023, at the Registered Office of the Company which was commenced at 10:00 A.M. and concluded at 10:45 A.M., has, apart from other business, considered and approved, allotment of 815750 equity shares of face value Rupees 10.00 each, for cash, at a price of Rupees 120.60 per equity share (including a premium of Rupees 110.60 per equity share), aggregating to Rupees 9,83,79,450.00 by way of a preferential issue to the allottees as approved by the Members of the Company.

Consequent to above mentioned allotment, the issued, subscribed and paid-up equity share capital of the Company stands increased to Rupees 35,00,71,490.00 divided into 35007149 equity shares of face value Rupees 10.00 each from Rupees 34,19,13,990.00 divided into 34191399 equity shares of face value Rupees 10.00 each.

Equity shares allotted on the preferential allotment basis shall rank pari passu with the existing equity shares of the Company in all respects.

Shares of Shish Industries Ltd was last trading in BSE at Rs. 105.00 as compared to the previous close of Rs. 105.50. The total number of shares traded during the day was 10427 in over 229 trades.

The stock hit an intraday high of Rs. 107.90 and intraday low of 104.00. The net turnover during the day was Rs. 1102350.00.

Source : Equity Bulls

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ShishIndustries INE145Y01015 SharesAllotment