The Board of Directors of ITI Ltd in its meeting held on 23.03.2020 has considered and approved allotment of 2,81,19,508 equity shares issued at Rs 56.90 to the President of India, against capital grant of Rs 160 crores received from Government of India. The Capex receipt of Rs. 160 Crores and allotment of equity shares is made pursuant to BIFR order dated 08.01.2013.
Further, the Board also took note of completion of term of Shri Saday Krishna Kanoria, Independent Director.
Shares of ITI LTD. was last trading in BSE at Rs.50.35 as compared to the previous close of Rs. 56.85. The total number of shares traded during the day was 79335 in over 1700 trades.
The stock hit an intraday high of Rs. 56.5 and intraday low of 49.15. The net turnover during the day was Rs. 4000087.