7NR Retail Limited informed exchanges Monday that it has approved the sub-division of equity shares from the face value of Rs10 each to the face value of Re1 each.
The company also approved an increase in Authorised Share Capital from Rs11 crore to Rs26 crore. It also dwelled on raising of funds up to Rs5 crore by way of issue of new Equity Shares through Preferential allotment to Non-Promoters (Body Corporates).
At around 2.45 pm, 7NR Retail Limited was trading at Rs18.35 up Rs0.80 or 4.56% on the BSE.
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