Mayur Uniquoters to allot 26% shares to Italian co
Artificial leather manufacturer, Mayur Uniquoters Ltd on Thursday said it will allot 26 per cent of equity shares to Italy-based Giovanni Crespi Spa (GCS) on a preferential basis.
By PTI |
MUMBAI: Artificial leather manufacturer, Mayur Uniquoters Ltd on Thursday said it will allot 26 per cent of equity shares to Italy-based Giovanni Crespi Spa (GCS) on a preferential basis.
The equity shares would be alloted at a price of Rs 45 per share, subject to shareholders approval, the company informed the Bombay Stock Exchange.
The board of directors at its meeting held on June 20, also proposed to increase the authorised share capital of the company to Rs 7 crore from Rs 5.5 crore by creating 15 lakh additional equity shares, which would be ranked equal with the existing shares, it added.
The share of the company was trading at Rs 38.20, up 5.23 per cent on the BSE.
The equity shares would be alloted at a price of Rs 45 per share, subject to shareholders approval, the company informed the Bombay Stock Exchange.
The board of directors at its meeting held on June 20, also proposed to increase the authorised share capital of the company to Rs 7 crore from Rs 5.5 crore by creating 15 lakh additional equity shares, which would be ranked equal with the existing shares, it added.
The share of the company was trading at Rs 38.20, up 5.23 per cent on the BSE.
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