Ganesha Ecosphere Ltd allots shares on preferential basis

The Board of Directors of Ganesha Ecosphere Ltd at its meeting held on October 03, 2014, has made following allotments on preferential basis, to the 'MCAP India Fund Ltd. the Non-Promoter.


The Board made the allotment of 31,07,500 Compulsorily Convertible Preference Shares (CCPS) of Rs. 100/- each, convertible into 27,25,877 Equity Shares at a price of Rs. 114/- per Equity Share and allotment of 2,50,000 Warrants, convertible into equal number of Equity Shares at a price of Rs. 114/- per Equity Share.

Shares of GANESHA ECOSPHERE LTD. was last trading in BSE at Rs.157.3 as compared to the previous close of Rs. 159.1. The total number of shares traded during the day was 13332 in over 287 trades.

The stock hit an intraday high of Rs. 163.9 and intraday low of 153.15. The net turnover during the day was Rs. 2105408.

Source : Equity Bulls

Keywords