Stock Report

Sanghi Industries Ltd approves allotment of 73,26,000 shares



Posted On : 2022-12-03 15:04:22( TIMEZONE : IST )

Sanghi Industries Ltd approves allotment of 73,26,000 shares

The Board of Directors ('Board') of Sanghi Industries Limited, at their meeting held today i.e. 3rd December, 2022, has approved the issuance of 73,26,000 (Seventy Three Lacs Twenty Six Thousand) equity shares of face value of Rs. 10/- each of the Company to M/s Thinkfar Tradelink Private Limited (Promoter Group Entity), on a preferential basis ("Preferential Issue"), at a price of Rs. 68.25/- (Indian Rupees Sixty Eight and Twenty Five Paisa Only) per Equity Share aggregating to Rs. 49,99,99,500 (Rupees Forty Nine Crore Ninety Nine Lacs Ninety Nine Thousand Five Hundred Only) subject to the approval of regulatory / statutory authorities and the shareholders of the Company at the Extraordinary General Meeting.

Shares of Sanghi Industries Limited was last trading in BSE at Rs. 69.05 as compared to the previous close of Rs. 69.90. The total number of shares traded during the day was 75057 in over 308 trades.

The stock hit an intraday high of Rs. 70.50 and intraday low of 67.50. The net turnover during the day was Rs. 5168539.00.

Source : Equity Bulls

Keywords

SanghiIndustriesLimited INE999B01013 526521 SANGHIIND CementandCementProducts