Indian Infotech & Software Ltd allots 26,14,53,270 equity shares on rights basis

Pursuant to the approval received for finalizing the basis of allotment from BSE Limited (Designated Stock Exchange) on 22nd February, 2024, the Board of Directors of Indian Infotech & Software Limited in their meeting held on 23rd February, 2024 has allotted 26,14,53,270 equity shares face value of Re. 01.00 each at a price of Re. 01.60 per share (including premium of Rs. Re. 0.60/- per share) on rights basis to the eligible existing equity shareholders of the Company as on the record date i.e January 29, 2024 and to the valid renouncees whose applications were valid.

Shares of INDIAN INFOTECH & SOFTWARE LTD. was last trading in BSE at Rs. 2.44 as compared to the previous close of Rs. 2.47. The total number of shares traded during the day was 4091190 in over 6958 trades.

The stock hit an intraday high of Rs. 2.55 and intraday low of 2.42. The net turnover during the day was Rs. 10148061.00.

Source : Equity Bulls

Keywords

INDIANINFOTECHandSOFTWARE INE300B01022 SharesAllotment RightsIssue