At meeting held on 16 March 2021The Board of Autoline Industries at its meeting held on 16 March 2021 has approved raising of funds to the tune of Rs 28 crore by way of issue of 70 lakh equity shares of Rs 10 each at issue price of Rs 40 each on preferential basis.
The Board also approved raising of funds to the tune of Rs 4.5 crore by issue of upto 10 lakh convertible warrants having face value of Rs 10 each at issue price of Rs 45 per warrant on preferential basis to promoters of the company.
The Board approved the increase in authorised share capital from Rs 35 crore to 42 crore.
Motherson Sumi Systems Ltd is quoting at Rs 224, up 1.06% on the day as on 12:49 IST on the NSE. The stock is up 263.64% in last one year as compared to a 75.1% jump in NIFTY and a 85.93% jump in the Nifty Auto index.
Motherson Sumi Systems Ltd gained for a third straight session today. The stock is quoting at Rs 224, up 1.06% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.55% on the day, quoting at 14828.85. The Sensex is at 50155.78, down 0.41%. Motherson Sumi Systems Ltd has gained around 1.5% in last one month.
Meanwhile, Nifty Auto index of which Motherson Sumi Systems Ltd is a constituent, has gained around 5.26% in last one month and is currently quoting at 10350.8, down 0.91% on the day. The volume in the stock stood at 70.05 lakh shares today, compared to the daily average of 184.87 lakh shares in last one month.
Exide Industries Ltd is quoting at Rs 198.35, down 0.73% on the day as on 13:19 IST on the NSE. The stock jumped 41.22% in last one year as compared to a 66.58% rally in NIFTY and a 78.11% spurt in the Nifty Auto index.
Exide Industries Ltd is down for a fifth straight session today. The stock is quoting at Rs 198.35, down 0.73% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.05% on the day, quoting at 14937. The Sensex is at 50477.79, up 0.16%.Exide Industries Ltd has lost around 5.32% in last one month.Meanwhile, Nifty Auto index of which Exide Industries Ltd is a constituent, has eased around 5.82% in last one month and is currently quoting at 10335.1, up 0.02% on the day. The volume in the stock stood at 18.68 lakh shares today, compared to the daily average of 36.43 lakh shares in last one month.
Read more about Benchmarks hit day s low, Nifty holds 14,800 on Business Standard. At 11:31 IST, the barometer index, the S&P BSE Sensex, tumbled 744 points or 1.47% at 50,047.23. The Nifty 50 index fell 209.65 points or 1.39% at 14,821.20.
Minda Industies announced that Ravi Mehra, who has served the company for the last 26 years, a senior leader, has been elevated as a Whole Time Director on the Board of Minda Industries and hence apart from his role as CEO of ECS Domain, he has been entrusted with the responsibilities of Deputy Managing Director of UNO MINDA Group.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.) Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible n