ITI Ltd approves allotment of 10 crore shares

The Board of Directors of ITI Ltd in its 431st meeting held on 13.09.2017, considered and approved the issue and allotment of 10,00,00,000 equity shares of Rs 10 each at par amounting to Rs. 100,00,00,000 to President of India. The said allotment of equity shares is made pursuant to BIFR order dated 08.01.2013, sanctioning the revival scheme of the Company.

Shares of ITI LTD. was last trading in BSE at Rs.95.15 as compared to the previous close of Rs. 100. The total number of shares traded during the day was 523194 in over 3225 trades.

The stock hit an intraday high of Rs. 101.55 and intraday low of 93.65. The net turnover during the day was Rs. 51197698.

Source : Equity Bulls

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