Lanco Infratech Ltd allots 265174603 Equity Shares to Lanco Group Limited

Pursuant to the approval accorded by shareholders in the Annual General Meeting of the Company held on September 28, 2015, the Board of Directors on September 30, 2015 had allotted 26,51,74,603 (Twenty Six Crores Fifty One Lakhs Seventy Four Thousand Six Hundred and Three only) Equity Shares of Re. 1/- (Rupee One only) each at a price of Rs. 6.30/- (Rupees Six and Thirty Raise only) per equity share, by conversion of promoters contribution of Rs.167,06,00,000/- (Rupees One Hundred and Sixty Seven Crores and Six Lakhs only) into equity shares of the Company.

In view of the above, the Paid-up Equity Capital of the Company stands at Rs. 274,93,26,655/- (Two Hundred and Seventy Four Crores Ninety Three Lakhs Twenty Six Thousand Six Hundred and Fifty Five only).

Shares of LANCO INFRATECH LTD. was last trading in BSE at Rs.5.43 as compared to the previous close of Rs. 4.94. The total number of shares traded during the day was 7481300 in over 3730 trades.

The stock hit an intraday high of Rs. 5.43 and intraday low of 5.15. The net turnover during the day was Rs. 40237155.

Source : Equity Bulls

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