Seya Industries Ltd allots 19,70,540 shares at Rs. 513 per share

The Board of Directors of Seya Industries Limited today i.e. on October 4, 2020, have by Circular Resolution approved issue and allotment of 19,70,540 fully paid Equity Shares of Rs.10/- each at a premium of Rs.513 per shares upon conversion of 19,70,540 Compulsory Convertible Preference Shares which were issued on preferential basis, to Promoter group and non-promoter, on April 05, 2019 as per the approval received from Members of the Company in their Extra-Ordinary General Meeting held on March 12, 2019.

After the above allotment, the paid-up equity share capital of the Company shall stands increased to Rs.265,705,400/-(Rupees Twenty-Six Crores Fifty-Seven Thousand Five Thousand and Four Hundred Only) divided into 26,570,540 Equity shares of Rs.10/- each.

Shares of SEYA INDUSTRIES LTD. was last trading in BSE at Rs.63 as compared to the previous close of Rs. 62.4. The total number of shares traded during the day was 9339 in over 95 trades.

The stock hit an intraday high of Rs. 65.5 and intraday low of 62.15. The net turnover during the day was Rs. 591072.

Source : Equity Bulls

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