At the meeting of the Board of Directors of Subros Ltd held on 9th August, 2018 the Board of Directors discussed and evaluated the proposal in respect of raising funds by way of issuance of equity shares on preferential basis to one of the existing shareholder of the Company, i.e. DENSO CORPORATION, Japan.
The Board of Directors in principle approved such issuance of equity shares to DENSO CORPORATION, Japan on preferential basis, subject to finalisation and execution of the definitive agreements between the parties, receipt of approval from the shareholders of the Company and other regulatory authorities.
Shares of SUBROS LTD. was last trading in BSE at Rs.352 as compared to the previous close of Rs. 344.1. The total number of shares traded during the day was 6361 in over 283 trades.
The stock hit an intraday high of Rs. 352 and intraday low of 335. The net turnover during the day was Rs. 2192982.