Morton Foods Allots Over 1 Million Rights Shares to SIL Investments

MT Newswires Live11-19

SIL Investments (NSE:SILINV, BOM:521194) has received an intimation from Morton Foods regarding the allotment of 1.1 million equity shares under its rights issue, according to a Tuesday filing with the Indian bourses.

The shares, including additional shares applied for, were subscribed for 24.4 million India rupees in cash in the ordinary course of business, the company said in the filing.

SIL Investments said the shares will be credited to its demat account.

Shares of SIL Investments fell over 2% in Wednesday's trade.

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