BAG Films approves preferential issue of 80 crore warrants

The Board of Directors of B.A.G. Films and Media Ltd at its meeting held on May 26, 2014, has approved the preferential issue of 80,000,000 (Eight Crores Only) warrants convertible into equity shares at a later date, on a preferential basis, to Promoters/Promoter Group and Non Promoters subject to approval of the shareholders in the forthcoming Annual General Meeting and such regulatory or statutory approvals as may be necessary/required.

Shares of B.A.G.FILMS & MEDIA LTD. was last trading in BSE at Rs.4.75 as compared to the previous close of Rs. 4.53. The total number of shares traded during the day was 267657 in over 867 trades.

The stock hit an intraday high of Rs. 4.98 and intraday low of 4.45. The net turnover during the day was Rs. 1300030.

Source : Equity Bulls

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