Comments
The board of directors of ITI has approved allotment of 84,03,361 shares, issued at ₹124.95, to the President of India as against capital grant of ₹105 crore received from the Central Government. The company in a regulatory filing to the exchanges said: “The capex receipt of ₹105 crore and allotment of equity shares is made pursuant to BIFR order dated January 8, 2013.” The board will meet on February 12 to consider December quarter results. For the September quarter, ITI had posted a loss of ₹56.04 crore on revenues of ₹433.97 crore. Shares of ITI closed 0.88 per cent higher at ₹126.05 on the BSE.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.