Gokul Agro Resources Ltd board approves preferential allotment of shares

The Board of Directors of Gokul Agro Resources Ltd at their Meeting held today at the Registered Office of the Company have considered and approved the issue of equity shares to the proposed allottees on private placement basis.

The company will issue 1,11,77,347 Equity Shares at a price of Rs. 40.26/- per Equity Share, for an aggregate consideration of Rs. 45,00,00,000/-. The Equity Shares are proposed to be allotted to Kanubhai Jivatram Thakkar, Promoter of the company. The shareholding of Kanubhai Jivatram Thakkar in the Company, after the proposed Preferential Issue will increase from 3,32,38,788 shares (25.20%) to 4,44,16,135 shares (31.04%).

Shares of Gokul Agro Resources Ltd was last trading in BSE at Rs. 44.4 as compared to the previous close of Rs. 44.3. The total number of shares traded during the day was 66034 in over 848 trades.

The stock hit an intraday high of Rs. 45.4 and intraday low of 42.8. The net turnover during the day was Rs. 2934887.

Source : Equity Bulls

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