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Bannari Amman Spinning Mills board approves allotment of equity shares on Rights Basis

The company’s board approved the allotment of over 3,33cr paid-up Rights Equity Shares of the face value of Rs5 each.

October 11, 2021 12:16 IST | India Infoline News Service
Bannari Amman Spinning Mills Limited board of directors at in its meeting on October 9, 2021, approved the allotment of 3,33,33,333 paid-up Rights Equity Shares of the face value of Rs5 each at a price of Rs30/- per Rights Equity Share (including premium of Rs25 per Rights Equity Share) to the eligible applicants.

The company stock was under pressure on Monday and at around 12.20 pm, Bannari Amman Spinning Mills Ltd was trading at Rs65.50 per piece down by Rs0.9 or 1.36% from its previous closing of Rs66.40 per piece on the BSE.

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