Deepak Nitrite clarifies on rights issue

Deepak Nitrite Ltd has clarified with reference to the news item appearing in a financial daily titled "Deepak Nitrite plans rights issue to fund expansion, pare debt".

In a notification to the stock exchange, Deepak Nitrite Limited has clarified that there are no plans to issue rights to fund expansion or to pare debt and, hence, no negotiations are being carried out. It also confirmed that the Company has not released any specific information pertaining to the news item and there have been no inputs / sources from the Company to the said news item.

Shares of DEEPAK NITRITE LTD. was last trading in BSE at Rs.889.65 as compared to the previous close of Rs. 867.3. The total number of shares traded during the day was 5399 in over 752 trades.

The stock hit an intraday high of Rs. 925 and intraday low of 870. The net turnover during the day was Rs. 4836874.

Source : Equity Bulls

Keywords