Vakrangee Ltd allots 2.50 crore shares

The Board of Directors of Vakrangee Ltd at its meeting held on August 14, 2015, has issued and allotted 2,50,00,000 equity shares of FV Re. 1/- each at a premium of Rs. 99/- per share upon conversion of equivalent number of Fully Convertible Warrants allotted to one of the Promoter group companies, M/s. Vakrangee Capital Private Limited.

The Board considered and approved Scheme of Amalgamation between Vakrangee Finserve Limited (a 100% subsidiary of Vakrangee Limited) and Vakrangee Limited.

The Board also considered and approved VISION 2020 of Vakrangee Limited.

Shares of Vakrangee Limited was last trading in BSE at Rs.156.1 as compared to the previous close of Rs. 159.1. The total number of shares traded during the day was 674743 in over 3906 trades.

The stock hit an intraday high of Rs. 161.45 and intraday low of 154. The net turnover during the day was Rs. 106785281.

Source : Equity Bulls

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