Sree Rayalaseema Alkalies allots 39,36,042 shares

The Board Allotment Committee of Sree Rayalaseema Alkalies & Allied Chemicals Ltd in its meeting held on April 05, 2014 has allotted 10,00,000 Equity Shares to M/s. Sree Rayalaseema Hi-Strength Hypo Ltd., (SR HYPO) and 29,36,042 Equity Shares to M/s. TGV Projects & Inv. Pvt. Ltd., (TGVPIPL) [being the Promoters of the Company] of Rs. 10/- each at par on conversion of their Third tranche Convertible Share Warrants into Equity in the ratio of 1:1.

Shares of SREE RAYALASEEMA ALKALIES & ALLIED CHEMICALS LTD. was last trading in BSE at Rs.9.99 as compared to the previous close of Rs. 9.5. The total number of shares traded during the day was 61794 in over 396 trades.

The stock hit an intraday high of Rs. 10 and intraday low of 9.08. The net turnover during the day was Rs. 602346.

Source : Equity Bulls

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