Choice International Ltd approves issue of 1 crore warrants

The Board of Directors of Choice International Ltd at its meeting held on January 30, 2015, has considered and approved increase in Authorised Capital by Rs. 10,00,00,000/- (Rs. Ten Crores only).

The Board has approved to issue 1,00,00,000 (One Crore) warrants convertible into equivalent number of Equity Shares within 18 months on preferential basis to promoters and other investors, as per ICDR guidelines subject to shareholders' approval by Special Resolution.

The Board has approved Capital Infusion of Rs. Ten Crores in Choice Equity Broking Private Limited 100% subsidiary of Choice International Limited by subscribing Equity Shares.

Shares of CHOICE INTERNATIONAL LTD. was last trading in BSE at Rs.32 as compared to the previous close of Rs. 32. The total number of shares traded during the day was 14010 in over 100 trades.

The stock hit an intraday high of Rs. 32.8 and intraday low of 31.75. The net turnover during the day was Rs. 450530.

Source : Equity Bulls

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