Good Luck Steel Tubes Ltd allots 10 lakh warrants

The Board of Directors of Good Luck Steel Tubes Ltd at its meeting held on December 30, 2014, has in terms of the special resolution passed in extra-ordinary general meeting of the members of the Company held on December 17, 2014 and in principal approval of stock exchange, issued and allotted 10,00,000 warrants convertible into equal number of equity shares on preferential basis to persons belonging to promoter category, at an exercise price of Rs. 60/- per underlying equity share of the face value of Rs. 2 (including a premium of Rs. 58.00) each.

Shares of GOODLUCK STEEL TUBES LTD. was last trading in BSE at Rs.70.25 as compared to the previous close of Rs. 67.9. The total number of shares traded during the day was 175546 in over 1376 trades.

The stock hit an intraday high of Rs. 71.4 and intraday low of 67.7. The net turnover during the day was Rs. 12167435.

Source : Equity Bulls

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