2.70 crore shares have been allocated by RHI Magnesita Ltd

RHI Magnesita Ltd Share

The Board of Directors of RHI Magnesita Ltd approved the allocation of 2.70 crore equity shares to Dalmia Bharat Refractories Ltd (DBRL) at a price of ₹ 632.5029 per share in a meeting held on 5 January 2023. This allocation was made in exchange for the 8.24 crore equity shares of Dalmia OCL Limited (DOCL) held by DBRL, representing 100% of DOCL’s equity share capital. As a result of this transaction, DOCL will become a wholly owned subsidiary of RHI Magnesita Ltd.

As a result of the previously mentioned allocation, the issued, subscribed, and paid-up equity share capital of the company will increase to ₹ 18,79,96,331, comprising of 18,79,96,331 equity shares of ₹ 1 each.

In the BSE, the shares of RHI Magnesita Ltd were last traded at a price of ₹ 877.15, up from the previous close of ₹ 869.15. A total of 28415 shares were traded during the day in over 1752 transactions.

The stock reached an intraday high of ₹ 883.70 and an intraday low of 865.55. The total value of shares traded during the day was ₹ 24802693.00.

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