NCIL lists at Rs114 on BSE

NCIL lists at Rs114 on BSE


Mumbai: Nagreeka Capital & Infrastructure (NCIL) got listed on 18 September at Rs114 on the Bombay Stock Exchange pursuant to the demerger of its investment undertaking.

Within minutes of listing the scrip of the company, erstwhile known as Nagreeka SoftwareTechnologies Ltd, touched its upper circuit limit of Rs114 and as much as 1.45 lakh shares exchanged hands on BSE.

On the National Stock Exchange the scrip got listed at Rs95 and touched a high of Rs114. Over 22,794 shares were traded here.

The company got listed with over 1.16 crore equity shares pursuant to the scheme of arrangement.

The scheme of arrangement and reconstruction approved by the Calcutta High Court entails the demerger of the investment undertaking to Nagreeka Exports (NEL).

Accordingly, NCIL allotted over 1.15 crore shares to the shareholders of NEL in the ratio of 1:1.

The issued, subscribed and paid-up capital of the company post scheme of arrangement stands at Rs5.82 crore consisting of over 1.16 crore equity shares of Rs5 each.