TCI Industries Ltd approves allotment Of 6753, 0% NCRPS on Preferential basis

Pursuant to the Members approval accorded in their Annual General Meeting held on August 2, 2016, the Share Allotment Committee of the Board of Directors of TCI Industries Ltd at its meeting held today i.e. March 1, 2017 has issued and allotted 6753, 0% Non-Convertible Redeemable Preference Shares (NCRPS) of Face Value of Rs. 100/- (Rupees Hundred only) each at a premium of Rs. 300/- (Rupees Three Hundred only) each to the Promoter of the Company.

Mr. Utsav Agarwal has been allotted 6753 NCRPS for cash. As the Company has allotted Non-Convertible Redeemable Preference Shares, there is no change in the paid-up equity share capital of the Company. The said shares shall not be convertible into equity shares, accordingly, the same shall not be listed with any Stock Exchange.

Shares of TCI INDUSTRIES LTD. was last trading in BSE at Rs.1840 as compared to the previous close of Rs. 1829. The total number of shares traded during the day was 210 in over 22 trades.

The stock hit an intraday high of Rs. 1840 and intraday low of 1760. The net turnover during the day was Rs. 385007.

Source : Equity Bulls

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