Amtek Auto to issue 1.25 crore warrants

The Board of Directors of Amtek Auto Ltd at its meeting held on July 30, 2014, has approved the proposal to make a preferential issue of upto 1,25,00,000 warrants convertible into equivalent number of fully paid equity shares, to promoters & promoter group Companies, subject to necessary permissions, sanctions, approvals and applicable SEBI Regulations and other provisions of laws.

Shares of AMTEK AUTO LTD. was last trading in BSE at Rs.258.3 as compared to the previous close of Rs. 251. The total number of shares traded during the day was 233065 in over 9463 trades.

The stock hit an intraday high of Rs. 264 and intraday low of 255. The net turnover during the day was Rs. 60314478.

Source : Equity Bulls

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