Shilpi Cable Technologies Ltd approves preferential issue of warrants

The Board of Directors of Shilpi Cable Technologies Ltd at its meeting held on January 09, 2015, has considered and approved the Preferential issue of warrants to the promoter upto 40,00,000 (forty lacs) at the price calculated as per SEBI (Issue and Disclosure Requirements) Regulations, 2009.

The Board also approved increase in authorized capital from Rs. 100 crores to Rs. 105 Crores.

Shares of SHILPI CABLE TECHNOLOGIES LTD. was last trading in BSE at Rs.54.5 as compared to the previous close of Rs. 62.3. The total number of shares traded during the day was 397396 in over 9252 trades.

The stock hit an intraday high of Rs. 65.7 and intraday low of 51.65. The net turnover during the day was Rs. 23379325.

Source : Equity Bulls

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