Everonn Education Ltd Board approves Rights Issue

The Board of Directors of Everonn Education Ltd at its meeting held on May 26, 2014, have approved the offer of shares through Rights Issue.

The Board approved the conversion of One Optionally Convertible Debenture (OCD) of value Rs. 4,33,13,816/- each allotted to M/s. The Concorde Residential Schools (Kerala) Private Limited into 10,91,303 Equity Shares of Rs. 10/- each at Rs. 39.69/- per Share.

Shares of Everonn Education ltd was last trading in BSE at Rs.54.2 as compared to the previous close of Rs. 53.15. The total number of shares traded during the day was 35373 in over 783 trades.

The stock hit an intraday high of Rs. 54.95 and intraday low of 52.6. The net turnover during the day was Rs. 1920146.

Source : Equity Bulls

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