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Goldstone Technologies allots 1.58cr equity shares on preferential basis; Stock hits new high

These shares shall rank pari-pasu, in all respects with existing Equity Shares of the Company.

October 12, 2021 11:06 IST | India Infoline News Service
Goldstone Technologies Ltd hits 52-week high at Rs43.45 per piece on Tuesday after the Board of Directors approved allotment of 1,58,00,000 fully paid up Equity Shares of face value of Rs.10/- (Rupees Ten only) each at an issue price of Rs.14.30/- (Rupees Fourteen and Thirty paisa only) per equity share, by Preferential allotment to the allottees named below.

These shares shall rank pari-pasu, in all respects with existing Equity Shares of the Company, said Goldstone in a regulatory filing.

Trinity lnfraventures Limited - 1,51,00,000 equity shares (Rs. 21,59,30,000)
Srinivas Pagadala - 7,00,000 equity shares (Rs. 1,00,10,000)

Consequent upon the above allotment, the paid-up share capital of the Company stands increased from 1,87,82,066 equity shares (Rs. 18,78,20,660) to 3,45,82,066 equity shares (Rs. 34,58,20,660).

At around 11:06 AM, Goldstone Technologies was trading at Rs43 apiece up by Rs1.8 or 4.37% on Sensex.

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