Anupam Rasayan Promoter Gets Big Boost: Board OKs Share Allocation

23 Jan 2024 , 10:47 AM

Through an exchange filing, Anupam Rasayan India Limited announced on Tuesday that the Board of Directors of the Company had approved the allotment of 19,04,540 equity shares with a face value of Rs 10 each that are fully paid-up (Equity Shares) on a preferential basis to Rehash Industrial and Resins Chemicals Private Limited, the Company’s promoter. The price of each equity share was Rs 940.70.

These Equity Shares will be equivalent to the Company’s current Equity Shares in every way.

According to correspondence dated December 5, 2023, the Company has received in-principle approval for the issuance of preferred equity shares from the BSE Limited and the National Stock Exchange of India Limited. The regulatory filing states that the application for trading authorization and stock exchange listing for the assigned Equity Shares would be made in due course.

Anupam Rasayan was trading 0.80% higher at Rs 940.70 per piece at around 10.50 AM on the NSE, compared to the previous closing of Rs 932.80

For feedback and suggestions, write to us at [e-mail]