Uniphos Enterprises Ltd approves rights issue at Rs. 17

The Board of Directors of Uniphos Enterprises Ltd at its meeting held on September 07, 2013, has approved to issue Equity Shares with a face value of Rs. 2/- each at a premium of Rs. 15/- per Equity Share for an amount aggregating Rs. 7,492,10 lacs on a Right basis to the existing Equity Shareholders of the Company in the Ratio of 173 (One Hundred and Seventy Three) fully paid up equity shares of Rs. 2/- each for every 100 (One Hundred) fully paid-up equity shares of Rs. 2/- each held i.e. (173:100) by the existing Equity Shareholder on the Record Date.

The Company has fixed September 19, 2013 as the Record Date for the purpose of Rights Issue of equity shares.

Shares of Uniphos Enterprises Ltd was last trading in BSE at Rs.18.50, up by Rs.0.35 or 1.93%. The stock hit an intraday high of Rs.18.50 and low of Rs.17.25.

The total traded quantity was 56 compared to 2 week average of 1093.

Source : Equity Bulls

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