Parrys Sugar Industries Ltd approves issue of 3.5 crore RCPS

The Board of Directors of Parrys Sugar Industries Ltd at its meeting held on February 19, 2016, has approved the issue of 3,50,00,000 Redeemable Cumulative Preference Shares of Rs. 10/- each aggregating to Rs. 35 Crores at par on private placement basis subject to approval of members by postal ballot process including through e-voting facility.

The cut off date for ascertaining the list of Shareholders to whom the notice of postal ballot and evoting for seeking the approval of the members for issue of the aforesaid Shares on private placement, has been fixed as February 19, 2016.

Shares of PARRYS SUGAR INDUSTRIES LTD. was last trading in BSE at Rs.24.45 as compared to the previous close of Rs. 23. The total number of shares traded during the day was 50 in over 1 trades.

The stock hit an intraday high of Rs. 24.45 and intraday low of 24.45. The net turnover during the day was Rs. 1222.

Source : Equity Bulls

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