Yarn Syndicate Limited allots 1,80,00,000 Equity Shares on rights basis

The Board of Directors of Yarn Syndicate Limited in consultation with the Rights Issue Committee in their meeting held today i.e. 23rd January, 2024 at the Corporate Office of the Company situated at Shop No 128 Supemall-2 GH-0 Circle, Infocity, Gandhinagar - 382007, Gujarat, which commenced at 1:00 P.M. and concluded at 2:10 P.M. has considered and approved issue of 1,80,00,000 Equity Shares of face value of Rs. 10.00/- each for cash at an Issue Price of Rs. 27.00/- per Equity Share aggregating upto Rs. 48,60,00,000/- to all the existing eligible Equity shareholders of the Company on Rights ('Rights Issue').

Shares of YARN SYNDICATE LTD. was last trading in BSE at Rs. 28.17 as compared to the previous close of Rs. 29.30. The total number of shares traded during the day was 57736 in over 149 trades.

The stock hit an intraday high of Rs. 30.50 and intraday low of 27.84. The net turnover during the day was Rs. 1649848.00.

Source : Equity Bulls

Keywords

YARNSYNDICATE INE564C01013 SharesAllotment RightsIssue