Gayatri Sugars Ltd allots NCDs worth Rs. 6.95 crores

Gayatri Sugars Ltd has announced with respect to issuance of 4% Secured, Unlisted, Non-Convertible Debentures. Please be informed that the Issue and Allotment Committee vide resolution passed today i.e. on 14th March, 2017 has allotted 69,50,500 4% Secured, Unlisted, Non-Convertible Debentures of Rs. 10/- each aggregating to Rs. 6,95,05,000 (Rupees six crores, ninety five lakhs and five thousand only) on Private Placement Basis.

The date of maturity shall be at the end of 4th, 5th & 6th year respectively from the date of allotment.

Shares of GAYATRI SUGARS LTD. was last trading in BSE at Rs.10.07 as compared to the previous close of Rs. 9.9. The total number of shares traded during the day was 37933 in over 74 trades.

The stock hit an intraday high of Rs. 10.2 and intraday low of 9.5. The net turnover during the day was Rs. 381178.

Source : Equity Bulls

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