Rexnord Electronics & Controls Ltd allots 1098300 shares

The Board of Directors of Rexnord Electronics & Controls Ltd at its meeting held on December 13, 2014, has allotted 10,98,300 Equity Shares of Rs. 10/- each at a premium of Rs. 3.40/- each to promoters and non-promoters on conversion of 10,98,300 Warrants issued on preferential basis, pursuant to approval of Shareholding of the Company accorded on August 30, 2014 in the Annual General Meeting.

Shares of REXNORD ELECTRONICS & CONTROLS LTD. was last trading in BSE at Rs.22.75 as compared to the previous close of Rs. 22.85. The total number of shares traded during the day was 300 in over 8 trades.

The stock hit an intraday high of Rs. 22.75 and intraday low of 21.9. The net turnover during the day was Rs. 6638.

Source : Equity Bulls

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