The Share Allotment Committee of the Board of Directors of TCI Industries Ltd at its meeting held today i.e. September 11, 2018 has issued and allotted 475 nos. of 0% Non-Convertible Redeemable Preference Shares (NCRPS) of Face Value of Rs. 100/- (Rupees Hundred only) each at a premium of Rs. 300/- (Rupees Three Hundred only) each to Transcorp Estates Private Limited, entity belonging to the Promoter and Promoter Group of the Company for cash.
As the Company allotted Non-Convertible Redeemable Preference Shares, there is no change in the paid-up equity share capital of the Company. The said shares shall not be convertible into equity shares, accordingly, the same shall not be listed with any Stock Exchange.
Shares of TCI INDUSTRIES LTD. was last trading in BSE at Rs.840 as compared to the previous close of Rs. 840. The total number of shares traded during the day was 1061 in over 10 trades.
The stock hit an intraday high of Rs. 840 and intraday low of 839. The net turnover during the day was Rs. 890240.