Apollo Tricoat Tubes Ltd board allots 3,04,00,000 bonus equity shares

The Committee of the Board of Directors of Apollo Tricoat Tubes Ltd on September 20, 2021 allotted 3,04,00,000 equity shares of face value of Rs. 2/- each as fully-paid up bonus equity shares, in the ratio of One (1) equity share of Rs. 2/- each for every One (1) existing equity share of Rs. 2/-each, to the Members whose names appeared in the Register of Members / List of beneficial owners as on September 18, 2021, being the record date fixed for that purpose.

Consequently, the paid-up Equity Share Capital of the Company stands increased from Rs. 6,08,00,000/- comprising 3,04,00,000 equity shares of Rs. 2/- each to Rs. 12,16,00,000/- comprising 6,08,00,000 equity shares of Rs. 2/- each.

Further, the Company will make necessary arrangements to credit the bonus shares / dispatch the share certificates, as applicable, on or before October 5, 2021.

Shares of APOLLO TRICOAT TUBES LIMITED was last trading in BSE at Rs. 843.25 as compared to the previous close of Rs. 867.75. The total number of shares traded during the day was 52642 in over 4802 trades.

The stock hit an intraday high of Rs. 860 and intraday low of 825. The net turnover during the day was Rs. 44605637.

Source : Equity Bulls

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