High Ground Enterprise Ltd to allot 5492428 shares or warrants

The Board of Directors of High Ground Enterprise Ltd at its meeting held on February 01, 2014, have approved the Notice of Postal Ballot and gave its approval for increasing the Authorized share Capital of the Company from Rs. 10 Crores to Rs. 11 Crores, subject to the consent of the members.

The Board approved the offer, issue, and allot 54,92,428 equity shares/warrant to the Promoter and Non promoter of the Company on Preferential basis.

The Board also approved February 03, 2014 as the relevant date for calculating the pricing as per SEBI (ICDR), 2009, for the securities to be issued under preferential basis.

Shares of High Ground Enterprise Ltd was last trading in BSE at Rs.84.55, down by Rs.1.70 or 1.97%. The stock hit an intraday high of Rs.84.55 and intraday low of Rs.84.55.

The total traded quantity was 55 shares as compared to 2 week average of 189 shares.

Source : Equity Bulls

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