Excel Industries Ltd to consider allotment of 10 lakh shares

A meeting of the Allotment Committee of the Directors of Excel Industries Ltd will be held on December 15, 2014 to issue and allot 10,00,000 Equity Shares of the Company to Utkarsh Global Holdings Private Limited (a promoter group company ) by conversion of 10,00,000 warrants out of 20,00,000 convertible warrants held by the allottee on preferential basis in terms of Chapter VII of SEBI (ICDR) Regulations, 2009.

Shares of EXCEL INDUSTRIES LTD. was last trading in BSE at Rs.359.15 as compared to the previous close of Rs. 368.6. The total number of shares traded during the day was 6139 in over 533 trades.

The stock hit an intraday high of Rs. 370 and intraday low of 357. The net turnover during the day was Rs. 2226110.

Source : Equity Bulls

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