This Small Cap Stock Announces Preferential Issue Of Share Including Premium

Trinity League India Ltd, a small cap stock has announced a preferential issue of shares, whose approval will be discussed in a board meeting held today. Here are the details.

Preferential issue of share announcement:

In a filing to the exchange, dated January 21, 2023 of this small cap company announced, "there will be a board meeting scheduled to be held on Monday, 30th day of January 2023 at 03:00 P.M, inter alia to consider the allotment of 28,50,000 Equity Shares of the Company of the face value of Rs. 10/- per share at the price of Rs. 11.50/- per share including the premium of Rs. 1.50/- per share, to Promoters and Non Promoters on preferential basis"

Stock Movement

The company stock price ended at Rs 27.10, 4.63 % up on Friday's session on BSE. It hit a 52-week low of Rs 5. The small cap stock rallied from 52-week low by 442% to its last market price.This stock is not listed on NSE. It has a market cap of Rs 13.73 crore, currently has a PE of 18.94 and PB is at 4.12.

About the Company

Trinity League India Ltd. (formerly known as Dr. Wellman'’s Homoeopathic Laboratory Ltd.) was incorporated as a private limited company in 1988 and became a public limited company in Feb.'95. Earlier the company was engaged in the manufacture of homeopathic medicines, health care products and herbal hair care products. Now, the company is diversifying in other fields for more expansion and growth and engaged in the rendering of financial advisory services, insurance related risk management services and the management consultancy services etc.

Disclaimer

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