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Corporate
Mayur Uniquoters to allot 26 pc equity stake to Italian Co

MUMBAI: Artificial leather manufacturer, Mayur Uniquoters Ltd on Thursday said it will allot 26 per cent of equity shares to Italy-based Giovanni Crespi Spa (GCS) on a preferential basis.

The equity shares would be allotted at a price of Rs 45 per share, subject to shareholders approval, the company informed the BSE.

The board of directors at its meeting held on June 20, also proposed to increase the authorised share capital to Rs 7 crore from Rs 5.5 crore by creating 15 lakh additional equity shares, it added.

The share of the company was trading at Rs 36.70, up 1.10 per cent on the BSE. - PTI

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