Gateway Distriparks Limited board allots 16107859 Rights Equity Shares

The Board of Directors of Gateway Distriparks Limited had approved the raising of funds by way of an issue of equity shares of the Company to the existing shareholders of the Company on a right basis ("Issue") for an amount aggregating to Rs. 115,97,65,848.

In relation to the aforesaid Issue and pursuant to the finalisation of the basis of allotment of the Issue in consultation with the Designated Stock Exchange, BSE limited, the Committee, at its meeting held today, i.e., Thursday, August 20, 2020, considered and approved the allotment of 16107859 Rights Equity Shares at a price of Rs.72 per Rights Equity Share (including a premium of Rs.62 per Rights Equity Share) ("Allotment").

Accordingly, pursuant to the aforesaid Allotment, the paid-up equity share capital of the Company has increased to Rs. 124,83,59,080.

Shares of GATEWAY DISTRIPARKS LTD. was last trading in BSE at Rs.87 as compared to the previous close of Rs. 85.4. The total number of shares traded during the day was 32521 in over 739 trades.

The stock hit an intraday high of Rs. 88.7 and intraday low of 85.55. The net turnover during the day was Rs. 2839697.

Source : Equity Bulls

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