Freshtrop Fruits Ltd approves issue of 2 lakh shares against warrants

The Board of Directors of Freshtrop Fruits Ltd at its meeting held on February 08, 2014, has approved the allotment of 2,00,000 Equity Shares of face value of Rs. 10/- each fully paid up issued at a price of Rs. 14/- per share (Rs. 10/- Face Value + Rs. 4.00 premium) to Mr. Ashok Motiani, pursuant to conversion of 2,00,000 Convertible warrants out of 11,00,000 convertible warrants allotted to the said person(s) on October 01, 2012.

Shares of FRESHTROP FRUITS LTD. was last trading in BSE at Rs.20.4 as compared to the previous close of Rs. 19.5. The total number of shares traded during the day was 1286 in over 26 trades.

The stock hit an intraday high of Rs. 20.45 and intraday low of 19. The net turnover during the day was Rs. 25155.

Source : Equity Bulls

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