SVOGL Oil Gas And Energy Ltd approves allotment of shares pursuant to CDR scheme

The Board of Directors of SVOGL Oil Gas And Energy Ltd at its meeting held on December 22, 2015, have approved PAS-4 & PAS-5 in respect of allotment of shares to Lenders pursuant to CDR Scheme approved by CDR-EG on January 24, 2015 after in principle approvals from BSE/NSE; and also approved for allotment of shares to Promoters pursuant to CDR Scheme approved by CDR-EG on January 24, 2015. The Company has received in principle approval from NSE and subject to in principle approval of BSE, which is pending.

The Allotment Committee of Board of Directors of the Company have allotted 4,65,43,784 Equity Shares of Rs 10/- each at a premium of Rs 6.06 per share to Banks/FIs pursuant to CDR Scheme.

Shares of SHIV-VANI OIL & GAS EXPLORATION SERVICES LTD. was last trading in BSE at Rs.6.94 as compared to the previous close of Rs. 6.6. The total number of shares traded during the day was 20973 in over 50 trades.

The stock hit an intraday high of Rs. 6.99 and intraday low of 6.6. The net turnover during the day was Rs. 143522.

Source : Equity Bulls

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