Stock request
moment GRM Overseas share price witnessed a substantial downside during
Tuesday's deals. GRM Overseas share price
moment opened with an upside gap at ₹179.90 per share and touched an
intraday high of ₹189.90 per share on NSE, recording further than a 10 percent rise against
Monday's close price of ₹171.46 per share. The small- cap agri company's board
has declared it'll fundraise by issuing fresh shares preferentially.
GRM Overseas
fundraise details
The small- cap
company informed stock request exchanges
about the fundraising decision, saying, “ The notice is at this moment given
that a meeting of the Board of Directors of the Company will be held on
Saturday, June 22, 2024, inter alia to consider and authorize the offer of raising finances by way of preferential issue of
securities to the person belonging to the
protagonist/ protagonist
group/Non-promoter group order subject
to similar nonsupervisory/
statutory blessings as may be needed and the blessing of shareholders of the
company."
farther, in terms of
the vittles of the SEBI( Prohibition of
Insider Trading) Regulations, 2015, and the Company's Code of Conduct for
Prevention of Insider Trading, the trading window for dealing in the company's
securities for its" Designated Persons" will remain unrestricted with
effect from 18 June 2024 until 48 hours after the conclusion of the Meeting of
the Board, i.e. until Monday, 24 June 2024.
GRM Overseas news
The agri product
maker was lately in the news as one of
its promoters raised his stake in the company. Theagro-product company informed
Indian exchanges that the company's
protagonist, Atul Garg, demonstrated his confidence in the company's
future by buying an fresh0.12 percent of
the company's shares. As per the exchange form by GRM Foods Ltd, Atul Garg
bought 73,000 GRM Overseas shares on Monday last week, adding
his net stake in the company to72.28 percent.
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