Industrial Investment Trust to allot 720000 shares on conversion of CCPS

The Board of Directors of Industrial Investment Trust Ltd at its meeting held on April 03, 2014 have accorded their approval for issue and allotment of 7,20,000 equity shares upon Conversion of 7,20,000, 10% Compulsorily Convertible Preference Shares to the Promoters, N.N. Financial Services Private Limited and Nimbus (India) Limited issued on preferential basis being the third and the last tranche of allotment.

Shares of INDUSTRIAL INVESTMENT TRUST LTD. was last trading in BSE at Rs.62.5 as compared to the previous close of Rs. 62. The total number of shares traded during the day was 1773 in over 46 trades.

The stock hit an intraday high of Rs. 65.1 and intraday low of 59. The net turnover during the day was Rs. 112445.

Source : Equity Bulls

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