V2 Retail Ltd approves issue of 39,52,720 warrants

The Board of Directors of V2 Retail Ltd at its meeting held on February 20, 2014, has approved the Issue of upto 39,52,720 (Thirty Nine Lacs Fifty Two Thousand Seven Hundred Twenty only) warrants convertible into equity shares of the Company to Mr. Akash Agarwal, promoters/promoter group, through preferential issue of convertible warrants at a price to be determined in accordance with SEBl (Issue of Capital and Disclosure Requirements) Regulations, 2009, subject to approvals of the shareholders of the Company at the Extra Ordinary General Meeting to be held on March 21, 2014.

Further the extra ordinary general meeting will be held on March 21, 2014 to consider the allotment of warrants to promoter/ promoter group.

Shares of V2 RETAIL LTD. was last trading in BSE at Rs.10.22 as compared to the previous close of Rs. 9.74. The total number of shares traded during the day was 23820 in over 169 trades.

The stock hit an intraday high of Rs. 10.22 and intraday low of 9.88. The net turnover during the day was Rs. 243103.

Source : Equity Bulls

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