Hitech Plast Ltd to issue 20 lakh shares, warrants

The Board of Directors of Hitech Plast Ltd at its meeting held on May 26, 2014, after considering various fund raising proposals decided to issue to the Promoters/Promoter group 20,00,000 (Twenty Lacs) Equity Shares and 20,00,000 (Twenty Lacs) warrants fully convertible into equal number of equity shares of Rs. 10/- each on preferential basis, at a price to be determined in accordance with Chapter VII of SEBI (ICDR) Regulations, 2009 subject to the approval of the shareholders.

Shares of HITECH PLAST LTD. was last trading in BSE at Rs.54.25 as compared to the previous close of Rs. 52. The total number of shares traded during the day was 2178 in over 40 trades.

The stock hit an intraday high of Rs. 55.3 and intraday low of 52.25. The net turnover during the day was Rs. 117598.

Source : Equity Bulls

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