A meeting of the Board of Directors of ITI Ltd is scheduled on 22/01/2020, to consider and approve price band for FPO.
The Company has filed the red herring prospectus dated January 17, 2020 ("Red Herring Prospectus") with the Registrar of Company, Karnataka situated in Bengaluru, as approved by the Board in its meeting held on January 17, 2020 to issue upto 180,000,000 Equity Shares for cash at a price to be fixed per Equity Share (the "Issue Price"), (the "Net Issue") and an additional issue of upto 1,800,000 Equity Shares constituting 1 % of the Net Issue which shall be reserved for allocation and allotment on a proportionate basis to eligible employees (the "Employee Reservation Portion") for cash at a price to be fixed (the "Employee Price") under the provisions of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended ("2009 SEBI ICDR Regulation") and Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as applicable ("2018 SEBI ICDR Regulation").
Shares of ITI LTD. was last trading in BSE at Rs.103.15 as compared to the previous close of Rs. 103.6. The total number of shares traded during the day was 217498 in over 3150 trades.
The stock hit an intraday high of Rs. 105.4 and intraday low of 102.3. The net turnover during the day was Rs. 22684352.