ITI Ltd approves issue of 8 crore shares

The Board of Directors of ITI Ltd in its meeting held on February 09, 2017, considered and approved the issue and allotment of 8,00,00,000 equity shares of Rs. 10 each at par amounting to Rs. 80,00,00,000 to President of India. The said allotment of equity shares is made pursuant to BIFR order dated January 08, 2013, sanctioning the revival scheme of the Company.

Shares of ITI LTD. was last trading in BSE at Rs.49.55 as compared to the previous close of Rs. 48.6. The total number of shares traded during the day was 204009 in over 1176 trades.

The stock hit an intraday high of Rs. 50.9 and intraday low of 49.45. The net turnover during the day was Rs. 10198871.

Source : Equity Bulls

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