Rexnord Electronics & Controls Ltd allots 12 lakh warrants

The Board of Directors of Rexnord Electronics & Controls Ltd at its meeting held on December 23, 2014, has Allotted 12,00,000 Warrants carrying an entitlement to subscribe to an equivalent number of equity shares of face value of Rs. 10/- each at a price of Rs. 24.50/- on preferential basis in accordance with SEBI (ICDR) Regulations, 2009 to the Promoters/Promoters group, as approved by the members of the Company in the Extra-Ordinary General Meeting held on December 10, 2014.

Shares of REXNORD ELECTRONICS & CONTROLS LTD. was last trading in BSE at Rs.22.5 as compared to the previous close of Rs. 21.25. The total number of shares traded during the day was 2500 in over 18 trades.

The stock hit an intraday high of Rs. 22.8 and intraday low of 22.4. The net turnover during the day was Rs. 56528.

Source : Equity Bulls

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