Gujjubhai Industries Limited Receives Listing Approval for Shares Issued Through Amalgamation
Gujjubhai Industries Limited, formerly known as Sumuka Agro Industries Limited, has secured listing approvals for equity shares issued following a major amalgamation. The approvals relate to the scheme merging Gujjubhai Food Private Limited with the Transferee Company, Sumuka Agro Industries Limited.The company confirmed receipt of listing approval from BSE Limited for 1,38,13,666 equity shares. These shares, each carrying a face value of Rs. 10, were allotted to the shareholders of Gujjubhai Food Private Limited as part of the amalgamation scheme.
The listing permission for the said securities was further granted by the Exchange.
The details of the shares and the related transaction are summarized below:
| Detail | Value |
|---|---|
| Shares Issued | 1,38,13,666 |
| Face Value per Share | Rs. 10 |
| Scheme Event | Amalgamation of Gujjubhai Food Private Limited |
The successful approvals allow the listed securities to be dealt in on the respective exchanges.
Stock Price Movement
At 09:03, shares of Sumuka Agro Industries are edging higher, trading at ₹191.90, representing a strong move up of 4.12%. The stock has moved through a wide band today, ranging between a low of ₹180.05 and an intraday high of ₹195.45.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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