Prism Informatics Ltd approves allotment of NCCPs

The Board of Directors of Prism Informatics Ltd had approved the allotment of NCCPs by Circular Resolution.

The Board approved allotment of 2% 6,30,000 Non - Cumulative Compulsorily Convertible Preference shares (NCCP's - V) of Rs. 100/- each at par to Megh Leasing and Investments Limited on a preferential allotment basis against conversion of unsecured loan.

The Board also approved allotment of 2% 30,000 Non - Cumulative Compulsorily Convertible Preference shares (NCCP's - V) of Rs. 100/- each at par to Dr. Ramesh Subramaniam person belonging to promoter and promoter group on a preferential allotment basis against cash.

Shares of PRISM INFORMATICS LTD. was last trading in BSE at Rs.13 as compared to the previous close of Rs. 12.44. The total number of shares traded during the day was 301 in over 2 trades.

The stock hit an intraday high of Rs. 13 and intraday low of 11.82. The net turnover during the day was Rs. 3795.

Source : Equity Bulls

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