Dynamatic Technologies Ltd allots 217269 equity shares

On March 25, 2013, the shareholders of Dynamatic Technologies Ltd had approved preferential issue of convertible warrants to Mr. Udayant Malhoutra and Wavell Investments Private Limited, Promoters of the Company.

With INR 13,00,00,000 (Thirteen crore) being brought in by Mr. Udayant Malhoutra, the Board of Directors of the Company have approved allotment of 2,17,269 equity shares to Mr. Udayant Malhoutra by conversion of the convertible warrants held by Mr. Udayant Malhoutra, at the rate of INR 10 (ten) each, issued at a premium of INR 787.78 (Indian Rupees seven hundred and eighty seven and paise seventy eight only), by passing a resolution by circulation under section 175 of the Companies Act, 2013.

Shares of DYNAMATIC TECHNOLOGIES LTD. was last trading in BSE at Rs.1209.4 as compared to the previous close of Rs. 1151.85. The total number of shares traded during the day was 7915 in over 194 trades.

The stock hit an intraday high of Rs. 1209.4 and intraday low of 1185. The net turnover during the day was Rs. 9559625.

Source : Equity Bulls

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