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Board of Ishan Dyes & chemicals allots 47.03 lakh equity shares under rights issue

Capital Market 

At meeting held on 23 August 2019

The Board of Ishan Dyes & chemicals at its meeting held on 23 August 2019 has approved the allotment of 47,03,447 Equity Shares of Rs. 10/- each at a price of Rs. 27/- per Equity Share pursuant to the Rights Issue of Equity Shares of the Company in terms of Letter of Offer dated 29 June 2019.

Pursuant to aforesaid allotment, the issued, subscribed and paid up share capital of the Company has been increased from Rs. 11,26,47,000/- divided into 1,12,64,700 Equity Shares of Rs. 10/- each to Rs. 15,96,81,470/- divided into 1,59,68,147 Equity Shares of Rs. 10/- each.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, August 23 2019. 12:16 IST
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