Corporate News 10-Jul-21
Board of Manorama Industries approves allotment of 7.98 lakh equity shares
At meeting held on 09 July 2021
The Board of Manorama Industries at its meeting held on 09 July 2021 has approved the allotment of 7,98,180 equity shares of Rs 10 each at an issue price of Rs 1274 each aggregating Rs 101.68 crore to investors (non-promoters) on preferential basis. The proposed preferential issue has been undertaken to fulfill new capex investment of Rs 65 crore and working capital requirement of Rs 36.69 crore.
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