Yuken India Expands Capital with Approval of 10L Share Allotment
In a significant development, Yuken India Ltd announced today that its Board of Directors, in a meeting held on Wednesday, June 28, 2023, at the company’s Registered Office, has approved the allotment of 1,000,000 Equity Shares. This allotment aligns with the guidelines outlined in the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and is offered on a preferential basis to Yuken Kogyo Company Limited, the Promoter of the Company. Each Equity Share has been priced at ₹629.00, which includes a premium of ₹619.00 per share.
The Preferential Allotment was duly authorized by the shareholders through a Postal Ballot, with the report of the Scrutinizer being submitted to the Company on June 19, 2023.
Also Read: BEML secures order worth Rs. 385 Cr
As of the latest trading session, YUKEN INDIA LTD. shares were listed on the BSE (Bombay Stock Exchange) at Rs. 653.00, marking an increase from the previous day’s closing price of Rs. 643.65. Throughout the trading day, a total of 2,773 shares were traded across 271 transactions.
About Yuken India:
Yuken India Limited (YIL) is a company that specializes in the manufacturing of hydraulic equipment. The company’s product lineup includes hydraulic pumps, valves, controllers, actuators, and accumulators.
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