Nitta Gelatin India to appeal with SAT for allotting bonus shres

The Securities and Exchange Board of India (SEBI) vide their Advice dated February 14, 2014 had declined the request of Nitta Gelatin India Ltd for condonation of delay in allotting Bonus shares to promoters as approved vide General Body resolution dated August 24, 2013.

The Company has now preferred an appeal against the aforesaid before the Securities Appellate Tribunal (SAT). This is brought to the notice of all investing public.

Shares of NITTA GELATIN INDIA LTD. was last trading in BSE at Rs.100 as compared to the previous close of Rs. 97.2. The total number of shares traded during the day was 15267 in over 680 trades.

The stock hit an intraday high of Rs. 103.7 and intraday low of 98.5. The net turnover during the day was Rs. 1533680.

Source : Equity Bulls

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