North Eastern Carrying Corporation Allots Equity Shares in Preferential Issue To Promoter Mr. Sunil Kumar Jain
North Eastern Carrying Corporation Limited has announced the allotment of equity shares following a preferential issue. The company granted these securities to its promoter, Mr. Sunil Kumar Jain.The preferential issuance involved the allocation of equity shares to Mr. Sunil Kumar Jain. Details regarding this transaction include the type of securities, the number allotted, and the associated pricing structure.
A summary of the allotment is provided below:
| Particulars | Information/Remarks |
|---|---|
| Type of Securities Allotted | Equity Shares |
| Type of Issuance | Preferential Issue |
| Name of Allottee | Mr. Sunil Kumar Jain, Promoter of the Company |
| Total Number of Securities Allotted | 45,00,000 Equity Shares |
The allotted equity shares have a face value of Rs. 10.00 each. The issue price for these shares was set at Rs. 15.18 per equity share. Based on the allotment details, the total amount collected for these securities amounted to Rs. 6,83,10,000.
NECCLTD Stock Price Movement
Shares of North Eastern Carrying Corporation Limited on Friday slipped by 0.39% to settle at ₹15.13. The equity closed after trading on a volume of 23,763 shares, down from the previous day's close of ₹15.22.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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