Hindustan Foods to consider the proposal of fund raising through preferential issue of equity shares

India Infoline News Service | Mumbai | September 19, 201610:03 IST

The board of directors of the company to consider the proposal of fund raising through Preferential lssue of equity shares of Rs.10 (face value) each.

Dalal Street
Hindustan Foods Ltd has informed BSE that the meeting of the Board of Directors of the Company will be held on September 19, to consider the proposal of fund raising through Preferential lssue of equity shares of Rs.10 (face value) each, in accordance with the provisions of Companies Act, 2013, and SEBI (lssue of Capital and Disclosure Requirements) Regulations, 2009, as amended and subject to approval of the shareholders of the Company and other necessary approvals, if any, and to consider other matters.

The scrip opened at Rs. 101.8 and touched a high and low of Rs. 112 and Rs. 101.8 respectively. A total of 2121(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 56 crore.

The BSE group 'XT' stock of face value Rs. 10 touched a 52 week high of Rs. 135 on 19-May-2016 and a 52 week low of Rs. 66.25 on 07-Oct-2015. Last one week high and low of the scrip stood at Rs. 112.75 and Rs. 101.8 respectively.

The promoters holding in the company stood at 74.45 % while Institutions and Non-Institutions held 0.14 % and 25.41 % respectively.

The stock traded above its 50 DMA.
 

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