Upper Ganges Sugar & Industries Ltd allots 30 lacs NCCRPS on private placement basis

Upper Ganges Sugar & Industries Ltd has allotted 30,00,000 (Thirty lacs) Non Convertible Cumulative Redeemable Preference Shares having face value of Rs. 100/- each on September 25, 2014 on private placement basis to M/s. Chambal Fertilizers & Chemicals Ltd. and pursuant to such allotment the paid up share capital of the Company has been increased from Rs. 11,55,72,390/- to Rs. 41,55,72,390/- divided into 1,15,57,239 Equity Shares of Rs. 10/- each and 30,00,000 - 12% Non Convertible Cumulative Redeemable Preference Shares of Rs. 100/- each pursuant to allotment of 30,00,000 - 12% Non Convertible Cumulative Redeemable Preference Shares of Rs. 100/- each.

Shares of UPPER GANGES SUGAR & INDUSTRIES LTD. was last trading in BSE at Rs.38.25 as compared to the previous close of Rs. 35.6. The total number of shares traded during the day was 1217 in over 30 trades.

The stock hit an intraday high of Rs. 41.85 and intraday low of 34.35. The net turnover during the day was Rs. 45851.

Source : Equity Bulls

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