Chromatic India updates on forfeiture and re-issue of equity shraes

Chromatic India Ltd has now announced with reference to a request letter, from a shareholder holding 100 partly paid up equity shares of the Company, was received for the full payment of his call money. The Board of Directors have decided to consider his application and not to forfeiture his 100 equity shares.

Further the Company has informed that the total 56500 equity shares forfeited and re-issued to the Cheetah Multitrade Pvt. Ltd., (Promoter Company) at Rs. 65/- per Share.

Now, the promoter Company's Shareholding has been increased from 55.99% to 58.10%.

The stock was trading at Rs.51.55, up by Rs.2.45 or 4.99%. The stock hit an intraday high of Rs.51.55 and low of Rs.49.50.

The total traded quantity was 4685 compared to 2 week average of 998.

Source : Equity Bulls

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