Mayur Uniquoters Ltd allots 14,86,000 CCPPS

The Board of Directors of Mayur Uniquoters Ltd at its meeting held on April 30, 2014, have allotted 14,86,000 compulsory convertible participating preference shares of face value of Rs. 400 each at a price of Rs 471.06 including a premium of Rs. 71.06/- to Westbridge crossover fund LLC, where as the each CCPPS will be convertible into 2 ( two) equity shares of face value of Rs. 5 each at the price of Rs. 235.53 (Rs. Two Hundred and Thirty five and paisa fifty three only) including a premium of Rs. 230.53 per equity shares, as per approval accorded by the [shareholders of the Company in the Extra ordinary General meeting held on April 18, 2014.

Shares of MAYUR UNIQUOTERS LTD. was last trading in BSE at Rs.287.55 as compared to the previous close of Rs. 293.65. The total number of shares traded during the day was 5348 in over 525 trades.

The stock hit an intraday high of Rs. 295 and intraday low of 278.65. The net turnover during the day was Rs. 1547600.

Source : Equity Bulls

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