Birla Precision Technologies Limited allots 18,65,671 shares

The Board of Directors of Birla Precision Technologies Limited at its meeting held on today on Wednesday, 20th June, 2018 at 206 Dalamal House, 1st Floor J. B. Marg, Nariman Point, Mumbai - 400 021 has considered, approved and taken on record, inter alia allotment of 18,65,671 (Eighteen Lakhs Sixty Five Thousand Six Hundred Seventy One Only) Equity Shares of Rs. 8.04/- (including premium of Rs. 6.04/- per share) (Conversion of Loan into Equity) on preferential basis under the provisions of Chapter VII of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended (the 'SEBI ICDR Regulations') and Section 62 and 42 of the Companies Act, 2013 (Including the rules made thereunder) to Zenith Dyeintermediates Limited, Promoter group Company.

The meeting commenced at 5.15 p.m and concluded at 6.00 p.m.

Shares of BIRLA PRECISION TECHNOLOGIES LTD. was last trading in BSE at Rs.7.83 as compared to the previous close of Rs. 7.89. The total number of shares traded during the day was 8933 in over 29 trades.

The stock hit an intraday high of Rs. 8.15 and intraday low of 7.83. The net turnover during the day was Rs. 70527.

Source : Equity Bulls

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