Upon the Scheme coming into effect and in consideration of the transfer and vesting of business of PVC Pipes & Fittings and Flexible Packaging in to PPL, the equity shareholders of PIL whose names appear in the Register of Members and records of the depositories as members of PIL as on the Record Date i.e. 24th April, 2019 will be entitled for allotment of 1 (One) fully paid up equity share having face value of INR 10/- each of the Resulting Company for 8 (Eight) fully paid up equity share of INR 10/- each in PIL (Demerged Company).
Shares of PRAKASH INDUSTRIES LTD. was last trading in BSE at Rs.91.6 as compared to the previous close of Rs. 93.9. The total number of shares traded during the day was 153783 in over 1190 trades.
The stock hit an intraday high of Rs. 94.4 and intraday low of 90.6. The net turnover during the day was Rs. 14186932.