Everonn Education Ltd to consider conversion of loan into equity

The Board of Directors of Everonn Education Ltd at its meeting held on February 06, 2014, approved the proposal to convene an Extraordinary General Meeting on March 06, 2014 for Conversion of Loan into Equity by preferential allotment of Equity Shares to the Promoter Group under Section 81 (1A) of the Companies Act, 1956 and for enhancing the existing borrowing limit and power to create security on the assets of the Company under the provision of Sections 180(1)(a) and 180(1)(c) of the Companies Act, 2013.

Shares of Everonn Education Ltd was last trading in BSE at Rs.36.20, up by Rs.0.55 or 1.54%. The stock hit an intraday high of Rs.36.70 and intraday low of Rs.35.75.

The total traded quantity was 4704 shares as compared to 2 week average of 9106 shares.

Source : Equity Bulls

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