Uttam Sugar Mills allots 6.5% Cumulative Redeemable Preference Shares

Uttam Sugar Mills Ltd has announced that the Preference Share Allotment Committee in its meeting held on October 14, 2009 have issued & allotted 14,75,000 6.5% Redeemable Cumulative Preference Shares of Rs. 100/- each for cash at par totaling amount of Rs. 1475 Lacs to the entities forming part of Promoter group. Consequently, with effect from October 14, 2009, the Issued and Subscribed Preference Share Capital of the Company stands increased to Rs. 21,35,00,000/- divided into 21,35,000 Redeemable Cumulative Preference Shares of Rs. 100/- each.

The stock closed the day at Rs.66.10, down by Rs.1.75 or 2.58%. The stock hit an intraday high of Rs.69.50 and low of Rs.66.05.

The total traded quantity was 18713 compared to 2 week average of 9690.

Source : Equity Bulls

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