The board of directors of Inspirisys Solutions Limited (Formerly Accel Frontline Limited) ("Company") at its meeting held on 19th June, 2019 has considered and approved the issue and allotment of 56,25,000 equity shares of face value Rs. 10 each, for cash, at a price of Rs. 54.30 per equity share (including a premium of Rs. 44.30 per equity share), aggregating to Rs. 30,54,37,500 by way of a preferential issue to the promoter of the Company, CAC Holdings Corporation, a company based in Japan.
Consequently, the issued, subscribed and paid-up equity share capital of the Company stands increased to Rs. 39,61 ,68,730 (divided into 3,96,16,873 equity shares of face value Rs.10 each) from Rs. 33,99, 18,730 (divided into 3,39,91,873 equity shares of face value Rs.10 each). Equity shares allotted on the preferential allotment basis shall rank pari passu with the existing equity shares of the Company in all respects.
Shares of Inspirisys Solutions Ltd was last trading in BSE at Rs.48 as compared to the previous close of Rs. 45. The total number of shares traded during the day was 150 in over 7 trades.
The stock hit an intraday high of Rs. 48 and intraday low of 46.55. The net turnover during the day was Rs. 7097.