La Tim Metal & Industries Ltd Gains Listing Approval for Conversion of Rights Issue Equity Shares
La Tim Metal & Industries Limited, formerly known as Drillco Metal Carbides Ltd., has secured listing approval from the exchange concerning 1,18,064 equity shares allotted on a rights basis. The approval permits these partly paid up securities to be traded after they are converted into fully paid up status.The company received formal approval for its application seeking permission for the aforementioned shares to be dealt in on the Exchange. These securities represent an allotment made through the rights issue mechanism.
The listing relates to the conversion of the shares from their current partially paid up state to a fully paid up position, as permitted by the exchange.
Key details regarding the equity share transaction are provided below:
| Detail | Status/Value |
|---|---|
| Company Name | La Tim Metal & Industries Ltd |
| Shares Allotted on Rights Basis | 1,18,064 |
| Previous Share Value (Partly Paid) | Rs. 0.50/- per share |
| Final Share Value (Fully Paid Up) | Re. 1/- per share |
This approved listing permits the company to proceed with the conversion of these shares, allowing trading in the securities once the requisite documentation is submitted.
Stock Price Movement
La Tim Metal & Industries Ltd settled at ₹8.10 on Friday, dropping 1.58% as of the close. The shares saw intraday movement, trading between a low of ₹8.00 and a high of ₹8.37.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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