Anupam Rasayan's board approves allotment of equity shares to promoter

20 Dec 2023 , 12:01 PM

Anupam Rasayan India Limited announced on Tuesday that the Board of Directors of the Company, at its meeting held today, had approved the allotment of 19,04,540 equity shares of face value of Rs 10 each fully paid-up (Equity Shares) on a preferential basis to Rehash Industrial and Resins Chemicals Private Limited, a promoter of the Company, at a price of Rs 945.11per equity share, the company announced through an exchange filing.

These Equity Shares will be equal in all respects to the Company’s existing Equity Shares.

The Company has obtained in-principle permission from the BSE Limited and the National Stock Exchange of India Limited for the issuing of preferential equity shares, as shown by letters dated December 5, 2023. The application for stock exchange listing and trading permission for the allotted Equity Shares will be made in due course, according to the regulatory filing.

At around 10.57 AM, Anupam Rasayan was trading 0.20% higher at Rs 1,033.70 per piece, against the previous close of Rs 1,031.65 on NSE. The counter touched an intraday high of Rs 1,050.

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