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Uniply Industries allots equity shares under pref basis

By Religare
|

Plywood and panel products maker Uniply Industries Ltd on Monday said its board has allotted 26,68,000 equity shares of Rs 10 each on preferential basis to promoter and other investors of the company at Rs 100 per share.

"The board has allotted 2668000 no's of new fully paid up equity shares of Rs 10 each on preferential basis to promoter and other investors of the company at Rs 100 per share at their meeting held on September 03, 2015," said Uniply Industries Ltd in a filing to the Bombay Stock Exchange on September 07, 2015.

 

Pursuant to these allotments, the issued, subscribed & paid up equity capital of the company has increased from Rs 17,31,37,430 to Rs 19,98,17,430, it added.

The allotted equity shares shall rank pari-passu with the existing equity shares of the company and shall be entitled to such dividends and corporate benefits, if any, declared by the company after the allotment.

Meanwhile, shares of the company were trading at Rs 131 apiece, down 3.18 per cent, from previous close on BSE at 12:39 hours.

Story first published: Monday, September 7, 2015, 23:00 [IST]
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