Good Luck Steel Tubes Ltd approve allotment of 12 lakh shares

The Board of Directors of Good Luck Steel Tubes Ltd at its meeting held on March 28, 2014, pursuant to the approval of the members obtained in general meeting of the Company held on December 23, 2013, considered and approved allotment of 12,00,000 Equity shares of the face value of Rs. 2 at each at an issue price of Rs. 70.00 each (including a premium of Rs. 68.00 per share), fully paid-up upon exercising the option available with warrant holder, i.e., M/s. Venus Insec Private Limited (person belonging to non promoter category) to convert 12,00,000 warrants.

Shares of GOODLUCK STEEL TUBES LTD. was last trading in BSE at Rs.19.2 as compared to the previous close of Rs. 18.1. The total number of shares traded during the day was 11459 in over 132 trades.

The stock hit an intraday high of Rs. 19.9 and intraday low of 18.3. The net turnover during the day was Rs. 220867.

Source : Equity Bulls

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