SORIL Infra Resources Ltd has, pursuant to and in terms of Chapter VII of the SEBI (ICDR) Regulations, 2009, issued and allotted an aggregate of 39,00,000 (Thirty Nine Lakhs) fully paid up Equity shares of face value of Rs. 10/- each of the Company ('Equity Shares') at an issue price of Rs. 539/- (including a premium of Rs. 529/-) per Equity Share, for a cash consideration aggregating to Rs. 210,21,00,000/- (Rupees Two Hundred Ten Crores Twenty One Lakhs only), to certain foreign portfolio investors, pursuant to and in terms of shareholders' approval dated September 29, 2018.
Steadview Capital Mauritius Limited was allotted 31,18,500 equity shares and ABG Capital was allotted 7,81,500 equity shares.
Consequent to the said allotment, the paid-up Equity Share Capital of the Company stands increased to Rs. 31,50,00,000/- divided into 3,15,00,000 Equity Shares of Rs. 10/- each.
Shares of SORIL Infra Resources Ltd was last trading in BSE at Rs.414.75 as compared to the previous close of Rs. 405.1. The total number of shares traded during the day was 55159 in over 662 trades.
The stock hit an intraday high of Rs. 425.35 and intraday low of 384.85. The net turnover during the day was Rs. 22496273.