Salzer Electronics Ltd allots 2641000 shares at Rs. 235

The Sub Committee of the Board of Salzer Electronics Ltd has at its meeting held on July 24, 2015, approved the closure of QIP on July 24, 2015 and allotment of 26,41,000 Equity Shares of face value of Rs.10/- at Issue Price of Rs. 235 per Equity Share including a Premium of Rs.225 per share for an aggregate amount of Rs.62.06 Crores resulting in increase in total paid up share capital from Rs. 10,87,86,370 to Rs. 13,51,96,370.

The committee also adopted the Placement Document dated July 24, 2015 in connection with the QIP.

Shares of SALZER ELECTRONICS LTD. was last trading in BSE at Rs.312.3 as compared to the previous close of Rs. 342.8. The total number of shares traded during the day was 275052 in over 4571 trades.

The stock hit an intraday high of Rs. 346.5 and intraday low of 307.3. The net turnover during the day was Rs. 88316241.

Source : Equity Bulls

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