Sintex Industries Ltd allots 1.64 crores shares

Pursuant to the approval of the Members of Sintex Industries Ltd at the Extra Ordinary General Meeting held on November 09, 2012 and in terms of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 (as amended), 1,64,00,000 fully paid up equity shares of the Company of Re. 1/- each have been allotted to the Promoter Group Companies on the exercise of the option for conversion of balance 1,64,00,000 warrants out of total issued 3,00,00,000 warrants by the Company at its Committee of Board Meeting held on May 19, 2014 at the price of Rs. 69.01/- per Equity Share.

The Company has already allotted 68,00,000 Equity Shares on conversion of warrants to each of the above warrant holders on December 24, 2012. Further the Company also informed that on the allotment of 1,64,00,000 Equity Shares, the paid up capital of the Company shall stand increased from Rs. 31,31,09,980/- to Rs. 32,95,09,980/-.

Shares of SINTEX INDUSTRIES LTD. was last trading in BSE at Rs.89.05 as compared to the previous close of Rs. 84.2. The total number of shares traded during the day was 3168976 in over 26127 trades.

The stock hit an intraday high of Rs. 90.35 and intraday low of 77.25. The net turnover during the day was Rs. 269697113.

Source : Equity Bulls

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