Everonn Education Ltd converts loan into equity shares

The Board of Directors of Everonn Education Ltd at its meeting held on March 27, 2014, has approved the preferential Allotment of 10,91,303 Equity Shares to The Concorde Residential Schools (Kerala) Private Limited, forming part of the Promoter Group upon conversion of Loan amount Rs. 4.33 Crores.

The Board also approved preferential allotment of 1 Optionally Convertible Debenture of Value Rs. 4.33 Crores to The Concorde Residential Schools (Kerala) Private Limited, forming part of the Promoter Group upon conversion of Loan amount Rs.4.33 Crores.

Shares of Everonn Education ltd was last trading in BSE at Rs.37.1 as compared to the previous close of Rs. 37.4. The total number of shares traded during the day was 90011 in over 1185 trades.

The stock hit an intraday high of Rs. 39 and intraday low of 36.5. The net turnover during the day was Rs. 3373424.

Source : Equity Bulls

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