Maxwell Industries Ltd to issue 30 lakh warrants

The Board of Directors of Maxwell Industries Ltd at its meeting held on December 25, 2014, inter alia, has considered and recommended the issue of, upto 30,00,000 Warrants on preferential basis convertible into equity shares of equal number within 18 months from the date of allotment of warrants to the Promoter/Promoter Group at price determined on the 'Relevant Date' in accordance with Chapter VII of SEBI ICDR Regulation, 2009 subject to approval of members through postal ballot the stock exchange and any other approval as may be required.

Shares of MAXWELL INDUSTRIES LTD. was last trading in BSE at Rs.40.25 as compared to the previous close of Rs. 41.15. The total number of shares traded during the day was 210196 in over 2567 trades.

The stock hit an intraday high of Rs. 41.9 and intraday low of 39.75. The net turnover during the day was Rs. 8534422.

Source : Equity Bulls

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