Stampede Capital Ltd allots 1541000 shares

The Board of Directors of Stampede Capital Ltd at its meeting held on March 25, 2015, has considered and approved the allotment of 15,41,000 Equity Shares of Rs.10/- each at a price of Rs. 207/- per share including the premium of Rs.197/- per share on Preferential basis to the allottees, pursuant to the approval given by the shareholders of the Company by way of Postal Ballot on March 16, 2015.

Consequent to the allotment, the Paid-Up Capital of the Company is increased to 2,28,13,620 Equity Shares of face Value of Rs. 10/- each Fully-Paid.

The Board approved investment in wholly owned subsidiaries and appointment of Mr. Avinash Karingam, as Independent Director of Company.

The Board authorised Mr. Emmanuel Dasi, Executive Director to call for Extraordinary General Meeting for obtaining Shareholders ratification with regard to disclosure of ultimate beneficial owners of the allottees, approved by the members by way of Postal Ballot on March 16, 2015.

Shares of Stampede Capital Limited was last trading in BSE at Rs.166 as compared to the previous close of Rs. 176.1. The total number of shares traded during the day was 41753 in over 371 trades.

The stock hit an intraday high of Rs. 177.8 and intraday low of 160. The net turnover during the day was Rs. 7083296.

Source : Equity Bulls

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