VHCL Industries Ltd allots 25750000 shares

The Board of Directors of VHCL Industries Ltd at its meeting held on January 16, 2015 have allotted 2,57,50,000 equity shares of Rs. 2/- (Rupees Two only) each fully paid up, to the Investors who are Non Promoters, on conversion of outstanding Unsecured Loan into Equity Shares, at a price of Rs.6 /- (Rupees Six only) per share which shall rank pari passu with existing equity shares.

Shares of VHCL INDUSTRIES LTD. was last trading in BSE at Rs.5.25 as compared to the previous close of Rs. 5.2. The total number of shares traded during the day was 9000 in over 23 trades.

The stock hit an intraday high of Rs. 5.7 and intraday low of 5.19. The net turnover during the day was Rs. 48934.

Source : Equity Bulls

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