Uniply Ind allots pref shares to promoters

The board of directors of Uniply Industries has allotted 26.68 lakh new fully paid-up equity shares of ₹10 each on preferential basis to promoters and other investors of the company at ₹100 a share. Following the allotment, the paid-up equity capital of the company has increased to ₹19.98 crore (₹17.31 crore). The equity shares allotted enjoy all rights, such as dividends and other corporate benefits. Shares of Uniply Industries tumbled 4.1 per cent at ₹130.60 on the NSE.