Astra Microwave Products Ltd approves allotment of 4786450 shares

The QIP Committee of Astra Microwave Products Ltd at its meeting held on December 16, 2015, approved the issue and allotment of 47,86,450 Equity Shares of face value Rs. 2 each to eligible Qualified Institutional Buyers (QIB) at the issue price of Rs. 135.80/- per Equity Share, aggregating to Rs. 64,99,99,910 [Rupees Sixty Four crores ninety nine lacs ninety nine thousand nine hundred and ten Only).

Shares of ASTRA MICROWAVE PRODUCTS LTD. was last trading in BSE at Rs.134 as compared to the previous close of Rs. 134.75. The total number of shares traded during the day was 79722 in over 1227 trades.

The stock hit an intraday high of Rs. 138.25 and intraday low of 133.6. The net turnover during the day was Rs. 10852273.

Source : Equity Bulls

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