Varun Shipping issues 27 lakh shares to FII

The committee of directors of Varun Shipping Company, which met today, allotted 27,00,000 equity shares on preferential basis to Transportation Infrastructure and Energy Investment, a sub-account of Matterhorn Advisory Singapore Pte, which is a registered foreign institutional investor (FII).

This was announced in a release issued by Varun Shipping to the NSE today. The release did not metion the price of the allotment.