Tree House Education & Accessories Ltd allots 50900 shares on conversion of warrants

The Board of Directors of Tree House Education & Accessories Ltd at its meeting held on March 29, 2014, has accorded its consent for allotment of 50,900 Equity Shares of the nominal value of Rs. 10/- each at premium of Rs. 212.60/- aggregating to Rs. 222.60/- per equity share to the Promoter Mr. Rajesh Bhatia and Mrs. Geeta Bhatia jointly on conversion of 50,900 warrants of Rs. 222.60/- each.

The amount received on issue of warrants (equivalent to 25% comprising nominal value of Rs. 10/- per share issued at a premium of Rs. 212.60/- per share): Rs, 28,32,585/- (Rupees Twenty Eight Lakhs Thirty Two Thousand Five Hundred Eighty Five Only)

The amount received on conversion (Balance of 75% comprising nomiiwl value of Rs. 10/- issued at a premium of Rs. 212.60/- per share) : 84,97,755/- (Rupees Eighty Four Lakhs Ninety Seven Thousand Seven Hundred Fifty Five Only).

Shares of TREE HOUSE EDUCATION & ACCESSORIES LTD. was last trading in BSE at Rs.260.85 as compared to the previous close of Rs. 253.6. The total number of shares traded during the day was 30407 in over 775 trades.

The stock hit an intraday high of Rs. 262 and intraday low of 252.9. The net turnover during the day was Rs. 7837257.

Source : Equity Bulls

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