Moser Baer India Ltd allots 1 crore shares

The Board of Directors of Moser Baer India Ltd at its meeting held on February 28, 2014, has allotted 1,00,00,000 equity shares of Rs. 10/- each for cash at par on preferential basis to Mr. Deepak Puri, Promoter, subject to necessary approvals. The allotment is in terms of approval of shareholders accorded vide Special Resolution passed on May 20, 2013, by way of Postal Ballot and under the Corporate Debt Restructuring Scheme approved by the CDR Empowered Group.

Mr. K. Ajit Kumar has been appointed as Nominee Director of the Company. Mr. K. Ajit Kumar shall be an independent and non-executive Director on the Board of Directors of the Company.

Shares of MOSER BAER INDIA LTD. was last trading in BSE at Rs.3.38 as compared to the previous close of Rs. 3.36. The total number of shares traded during the day was 52527 in over 134 trades.

The stock hit an intraday high of Rs. 3.47 and intraday low of 3.31. The net turnover during the day was Rs. 178649.

Source : Equity Bulls

Keywords