Shares of telecom equipment maker Shyam Telecom (STL), which was re-listed today, ended the day at Rs 137.40 - a gain of 127.11% when compared with Rs 60.50 before the stock was delisted in July.The STL counter was the most active counter on the BSE today with over 1.35 crore shares changing hands on the exchange.The shares were re-listed today at Rs 72.60 on the BSE after the restructuring scheme put in place by the company.As per the scheme of amalgamation/restructuring, all the businesses of Shyam Telecom Manufacturing have been transferred to STL. The other company, Shyam Telelink, will be listed separately by December, a company release said.Following the restructuring, the shareholders were issued 794 shares of Shyam Telelink and 35 equity shares of STL for every 100 shares held in the company.STL earlier had an authorised capital Rs 75 crore with a paid-up capital of Rs 32.20 crore. The promoters were holding 66% and the balance 34% was held by the public.As per the amalgamation scheme, STL share capital has been reduced with an authorised capital of Rs 75 crore and paid- up capital of Rs 11.27 crore with promoters continuing to hold 66%.The authorised capital of Shyam Telelink will be Rs 800 crore with a paid-up capital of Rs 455.95 crore. The promoters would hold 75% in the entity.
