Hatsun Agro Product Ltd approves Rs. 30 crores preferential issue

The Board of Directors of Hatsun Agro Product Ltd at their meeting held on September 23, 2014 have approved the issue of equity shares on preferential basis to non-promoter group.

The Board has approved the issue and allot equity shares of Re. 1 each, fully paid-up, at Rs. 300 per share (including a premium of Rs. 299 per share) or at such price determined in accordance with SEBI regulations, by way of preferential allotment in one or more tranches to non-promoter group on cash basis for an aggregate consideration of Rs. 30 croes only.

The allottees are, P Vaidyanathan (Karta of P Vaidyanathan (SHUF) - Rs. 12 crores), V.V.V. & Sons Edible Oils Limited (Rs. 6 crores), Satyanarayanan Dhanushkodi (Rs. 4.50 crores), Sankaranarayanan Dhanushkodi (Rs. 4.50 crores) and Jega Mohan Aravandy (Rs. 3 crores).

Shares of HATSUN AGRO PRODUCT LTD. was last trading in BSE at Rs.306 as compared to the previous close of Rs. 305. The total number of shares traded during the day was 985 in over 70 trades.

The stock hit an intraday high of Rs. 308.75 and intraday low of 301. The net turnover during the day was Rs. 299288.

Source : Equity Bulls

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