Euro Finmart Ltd allots 23 lakhs convertible warrants

The Board of Directors of Euro Finmart Ltd at its meeting held on July 31, 2014, have allotted 23,00,000 convertible warrants to Promoters and Other Investors (Non Promoters) on Preferential allotment basis at a price of Rs. 110/- each (Face Value Rs. 10/- and premium of Rs. 100/-) through resolution passed by the Shareholders at the Annual General Meeting held on July 05, 2014 pursuant to the provisions of Section 62 and other applicable provisions of the Companies Act, 2013.

The Board was informed that Registrar of Companies, NCT of Delhi & Haryana has made available new name of the Company i.e. Alankit Limited and the Company is taking further steps in this matter.

Shares of Euro Finmart Limited was last trading in BSE at Rs.103.05 as compared to the previous close of Rs. 98.3. The total number of shares traded during the day was 19750 in over 144 trades.

The stock hit an intraday high of Rs. 103.05 and intraday low of 97.1. The net turnover during the day was Rs. 1980135.

Source : Equity Bulls

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