Comments
The board of directors of Pricol on Tuesday allotted 2.96 lakh equity shares of ₹1 each to the shareholders of Xenos Automotive, pursuant to the scheme of amalgamation of the latter with Pricol. The amalgamation was approved by the Madras High Court. An application for listing of the newly-allotted shares will be filed shortly with the exchanges, the company said. Following the allotment, the paid-up capital of the company has increased to ₹9.47 crore (₹9.45 crore). Shares of Pricol edged down 2 per cent at ₹42 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.