Safari Industries India Ltd approves allotment of 85000 shares at Rs. 600

The Board of Directors of Safari Industries India Ltd vide their circular resolution effective March 05, 2015, have approved the allotment of 85,000 (Eighty Five Thousand) equity shares of Rs. 10/- each at a premium of Rs. 590/- per share to Mr. Sudhir Jatia, Promoter & Managing Director of the Company, upon his exercise of option to convert 85,000 convertible share warrants into equity shares.

Consequent to the said allotment, the paid-up Equity Share Capital of the Company stands increased from Rs. 3,90,00,000/- divided into 39,00,000 Equity Shares of Rs. 10/- each to Rs. 3,98,50,000/- divided into 39,85,000 Equity Shares of Rs. 10/-.

Shares of SAFARI INDUSTRIES (INDIA) LTD. was last trading in BSE at Rs.800 as compared to the previous close of Rs. 792. The total number of shares traded during the day was 457 in over 21 trades.

The stock hit an intraday high of Rs. 801 and intraday low of 790. The net turnover during the day was Rs. 365055.

Source : Equity Bulls

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