Bemco Hydraulics Ltd allots 4 lakh shares at Rs. 70

The Board of Directors of Bemco Hydraulics Ltd at its meeting held on December 19, 2014, have allotted 4,00,000 (Four Lakhs Only) Equity Shares, having face value of Rs. 10/- each at a price of Rs. 70/- (including a premium of Rs. 60/-) per share aggregating to a sum of Rs. 2,80,00,000/- (Rupees Two Crores Eighty Lakhs Only) as fully paid up shares in the share Capital of the Company to promoters & promoters group and Independent Investor, as approved by the members of the Company in the EGM held on December 10, 2014.

Shares of BEMCO HYDRAULICS LTD. was last trading in BSE at Rs.95 as compared to the previous close of Rs. 100. The total number of shares traded during the day was 125 in over 6 trades.

The stock hit an intraday high of Rs. 95.5 and intraday low of 95. The net turnover during the day was Rs. 11895.

Source : Equity Bulls

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