Rexnord Electronics & Controls Ltd allots 3478800 warrants

The Board of Directors of Rexnord Electronics & Controls Ltd at its meeting held on September 23, 2014 allotted 34,78,800 Warrants carrying an entitlement to subscribe to an equivalent number of equity shares of face value of Rs. 10/- each at a price of Rs. 13.40/- on preferential basis in accordance with SEBI (ICDR) Regulations, 2009 to the Promoters & Non-Promoters, as approved by the members of the Company in the Annual General Meeting held on August 30, 2014.

Shares of REXNORD ELECTRONICS & CONTROLS LTD. was last trading in BSE at Rs.23.32 as compared to the previous close of Rs. 23.79. The total number of shares traded during the day was 26397 in over 99 trades.

The stock hit an intraday high of Rs. 24.26 and intraday low of 23.32. The net turnover during the day was Rs. 638030.

Source : Equity Bulls

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