Deepak Fertilisers board allots over 1.24cr equity shares aggregating to ~Rs510cr; Stock gains over 2%

The paid-up Equity Share capital of the company stands increased to Rs1,20,59,29,480 consisting of 12,05,92,948 Equity Shares of Rs10 each.

October 25, 2021 3:25 IST India Infoline News Service

Deepak Fertilisers
The Securities Issue Committee of the Board of Directors of Deepak Fertilisers and Petrochemicals Corporation Limited in its meeting held on October 22, 2021, decided to issue and allot 1,24,39,029 Equity Shares at an issue price of Rs410 per Equity Share (including a premium of Rs400.00 per Equity Share), aggregating to ~Rs510cr.

The Issue opened on October 19, 2021, and closed on October 22, 2021. Pursuant to the allotment of Equity Shares in the Issue, the paid-up Equity Share capital of the company stands increased to Rs1,20,59,29,480 consisting of 12,05,92,948 Equity Shares of Rs10 each.

Towards close of trade on Monday, Deepak Fertilizers & Petrochemicals Corp Ltd was trading at Rs418.15 per piece up by Rs9.1 or 2.22% from its previous closing of Rs409.05 per piece on the BSE.

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