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SORIL Infra Resources allots 39 lakh equity shares

Capital Market 

To foreign investors

SORIL Resources has allotted 39 lakh equity shares of 10 each at price of 539 (including premium of 529) per equity share, for a cash consideration of Rs 210.21 crore to certain foreign investors, pursuant to and in terms of shareholders' approval dated 29 September 2018.

Consequent to the said allotment, the paid-up Equity Share Capital of the Company stands increased to Rs. 31,50,00,000/- divided into 3,15,00,000 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: Thu, October 11 2018. 11:03 IST