Good Luck Steel Tubes Ltd approves 40 lakh warrants issue

The Board of Directors of Good Luck Steel Tubes Ltd at its meeting held on November 17, 2014, inter alia, has considered and approved issue of upto 40,00,000 warrants on preferential basis to person belonging to Non-Promoter category and upto 10,00,000 warrants on preferential basis to person belonging to Promoter category.

The aforesaid decision of the Board of Directors of the Company is subject to the approval of the members and other competent authorities. The Board of directors also decided to call an Extra-Ordinary General Meeting of the members of the Company on December 17, 2014 to consider and approve the aforesaid preferential issue.

Shares of GOODLUCK STEEL TUBES LTD. was last trading in BSE at Rs.69.75 as compared to the previous close of Rs. 68.05. The total number of shares traded during the day was 230859 in over 532 trades.

The stock hit an intraday high of Rs. 73 and intraday low of 62.6. The net turnover during the day was Rs. 15529110.

Source : Equity Bulls

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