Shilpi Cable Technologies Ltd approves allotment of 23 lakh shares

The Board of Directors of Shilpi Cable Technologies Ltd at its meeting held on March 19, 2015, has considered and approved the preferential allotment of 23,00,000 Equity shares upon conversion of warrants, to M/s. Shilpi Cables Private Limited, a promoter group Company at a price of Rs. 65 each.

Shares of SHILPI CABLE TECHNOLOGIES LTD. was last trading in BSE at Rs.42 as compared to the previous close of Rs. 41.95. The total number of shares traded during the day was 24302 in over 473 trades.

The stock hit an intraday high of Rs. 43 and intraday low of 41.6. The net turnover during the day was Rs. 1022910.

Source : Equity Bulls

Keywords