Deep Polymers Limited board approves fund raising proposal

The Board of Directors of Deep Polymers Limited, in their meeting held today, i.e. on 13th August, 2021, at the Registered Office of the Company, have considered and approved raising of funds by way of issue of Equity warrants convertible in equity shares having paid up value of Rs.10/- each, as per SEBI (ICDR) Regulations at a issue price of Rs. 129/- each (including Rs. 119/- as premium).

The board also approved raising of Funds upto Rs. 150 Crores by way of issue of new Equity Shares by way of Preferential allotment to Promoters as well as non-promoters and QIP to Institutional Investors, in one or more tranches.

Shares of Deep Polymers Limited was last trading in BSE at Rs. 128.4 as compared to the previous close of Rs. 127.6. The total number of shares traded during the day was 451317 in over 573 trades.

The stock hit an intraday high of Rs. 130 and intraday low of 123.9. The net turnover during the day was Rs. 56897008.

Source : Equity Bulls

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